RBC Royal Bank decreases prime rate

    TORONTO, Oct. 10 /CNW/ - RBC Royal Bank today decreased its prime lending
rate by 25 basis points to 4.25 per cent from 4.50 per cent, effective October
14, 2008.
    "The federal government's move today to maintain the availability of
longer-term credit in Canada will improve the banking system's access to
funding," said David McKay, Group Head, Canadian Banking, RBC. "With this
important step forward to address funding costs in the Canadian market, we are
reducing our prime lending rate."

For further information:

For further information: Jackie Braden, RBC, Media Relations, (416)

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