🟢 Royal Bank of Canada is trading 3.29% up in pre-market

Royal Bank of Canada is trading at $211.50, up 3.29% in pre-market, with no reliable report linking the move specifically to a new company announcement.

• On October 28, Royal Bank of Canada announced its prime rate would rise from 4.45% to 4.70%, effective October 29, following the Bank of Canada’s rate increase.
• Other major Canadian banks made the same change; available market context is mixed and does not establish a broad-market reason for the move.