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BMO Slashes 5-year Mortgage Rate to 2.99%Prime & Base Rates at BMO. Canada Prime Rate: %. CAD Deposit Reference rate: %. USD Deposit Reference rate: %. US Base Rate: % %. TORONTO, Oct. 23, /CNW/ - BMO Bank of Montreal today announced that it is decreasing its CDN$ prime lending rate from per cent to. BMO prime rate the rate of interest announced or otherwise established by Bank of Montreal from time to time as its prime commercial rate, or its equivalent.
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