Mr. Andrew Block reports

RBC ROYAL BANK ANNOUNCES CHANGE TO PRIME RATE

Royal Bank of Canada is increasing its prime rate by 25 basis points from 4.45 per cent to 4.70 per cent, effective Oct. 29, 2026.

About Royal Bank of Canada

Royal Bank is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Its success comes from the 105,000-plus employees who leverage their imaginations and insights to bring the bank's vision, values and strategy to life so it can help its clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, it has a diversified business model with a focus on innovation and providing exceptional experiences to its more than 19 million clients in Canada, the United States and 27 other countries.

The bank is proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.