Sunday, March 26

HSBC Bank Canada Increases Prime Rate

Article content

VANCOUVER, British Columbia — HSBC Bank Canada will increase its prime lending rate by 75 basis points to 5.45 per cent from 4.70 per cent, effective 8 September 2022.

Note to editors:

Article content

About HSBC Bank Canada

HSBC Bank Canada, a subsidiary of HSBC Holdings plc (‘HSBC Group’), is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances here and internationally through four businesses: Commercial Banking, Global Banking, Markets and Securities Services, and Wealth and Personal Banking. HSBC Group has committed to becoming net-zero in its operations and financed emissions and is working with our customers to accelerate the transition to a low carbon economy.

Article content

HSBC Holdings plc, the parent company of HSBC Bank Canada, is headquartered in London. HSBC serves customers worldwide from offices in 63 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2.985bn as at 30 June 2022, HSBC is one of the world’s largest banking and financial services organizations. For more information visit or follow us on Twitter: @HSBC_CA or Facebook: @HSBCCanada

View source version on



Media enquiries to:

Caroline Creighton
(647) 880 5406
[email protected]

Sharon Wilks
(416) 868-3878
[email protected]