Bank of Canada lowers overnight rate by 0.5% again
Posted by: Aneta Zimnicki
Bank of Canada lowers overnight rate by 0.5% again. This totals 1.5% drop in the last several weeks. Most lenders are matching this latest drop, prime rate for the most part is now 2.45% (updated). Your variable rate mortgage and secured lines of credit will benefit. Exact word from BoC: “The intent of our decision […]
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