Mr. Alexandre Guay reports

NATIONAL BANK OF CANADA INCREASES ITS PRIME RATE

National Bank of Canada has increased its prime rate by 25 basis points to 4.70 per cent, effective Oct. 29, 2026.

About National Bank of Canada

With $635-billion in assets as at July 31, 2026, National Bank of Canada is one of Canada's six systemically important banks. The bank has more than 37,000 employees in knowledge-intensive positions and operates three business segments in Canada: personal and commercial banking, wealth management, and capital markets. A fourth segment, U.S. specialty finance and international, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange.