[Mortgage Made Easy]

Originally Posted by kevman

I dont know, in recent history the majors had no problems raising prime a day after the last BOC rate change.


http://www.bankofcanada.ca/2010/09/f...se-2010-09-08/


Scotiabank: Effective 9 September 2010
TD: Effective Date SEP 9, 2010
RBC: Royal Bank Prime 3.000 2010/09/09

One thing that history has proven is that the Banks will typically (without much delay) increase Prime when the BoC increases their rates.