UPDATE 1-Canada's RBC and BMO move to cut prime rates
January 27, 2015 at 17:04 PM EST
TORONTO, Jan 27 (Reuters) - Royal Bank of Canada, the country's biggest lender, said on Tuesday it would cut its prime lending rate by 15 basis points, becoming the first of Canada's big banks to trim borrowing costs nearly a week after the central bank stunned markets with a rate cut.