HSBC Bank Canada increases its prime rate

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VANCOUVER, British Columbia — HSBC Bank Canada will increase its prime rate by 50 basis points, from 5.45% to 5.95%, effective October 27, 2022.

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About HSBC Bank Canada

HSBC Bank Canada, a subsidiary of HSBC Holdings plc (“HSBC Group”), is the country’s leading international bank. We help businesses and individuals across Canada do business and manage their finances at home and abroad through four business lines: Business Banking, Global Banking, Markets and Securities , and Retail and Retail Banking.

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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 geographic regions: Europe, Asia, North America, Latin America, Middle East and North Africa. With assets of $2.992 billion as of September 30, 2022, HSBC is one of the largest banking and financial services organizations in the world. For more information, visit or follow us on Twitter: @HSBC_CA or Facebook: @HSBCCanada

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Joan J. Holland