Tag Archives: prime rate

Bank of Canada lowers overnight rate

The Bank of Canada has lowered their interest rate by 0.25%. The overnight rate was lowered from 0.75% to 0.5%. Prime Rate is now at 2.5%. Assuming, of course, that lenders follow the Bank of Canada‚Äôs lead, we should see … Continue reading

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Bank of Canada cuts their overnight rate. Interest rates drop.

Bank of Canada cuts interest rate and we hope that banks will be dropping their variable rates to follow suit.

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