Canada’s big banks cut credit card rates to give relief to customers amid COVID-19 pandemic [Financial Post (Toronto, Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Financial Post
Canada's big banks cut credit card rates to give relief to customers amid COVID-19 pandemic Bank of Nova Scotia, Toronto-Dominion Bank, Royal Bank of Canada, National Bank of Canada and Canadian Imperial Bank of Commerce have all cut rates Big Canadian banks are now offering to cut credit card interest rates for customers dealing with money problems during the coronavirus crisis, another sign of the steep financial toll that COVID-19 is taking on people and businesses. Bank of Nova Scotia announced late Friday that, effective April 1, it would reduce credit card interest rates for personal and small business customers to 10.99 per cent if those clients are facing COVID-19-related financial troubles and are getting their minimum payments deferred. “COVID-19 has made it increasingly difficult for many of our customers to pay their bills,” said Dan Rees, Scotiabank’s group head of Canadian banking, in a press release. “Lowering interest rates on credit card payments is an additional step
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TD
Earnings
- 12/4/25 - Beat
TD
Sec Filings
- 12/5/25 - Form FWP
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- TD's page on the SEC website