Bank of Canada lowers key interest rate by 0.75% | General comparisons | Discussion forum

Please consider registering
guest

Home
Discussion forum
General comparisons
Bank of Canada lowers key interest rate by 0.75%

Topic RSS

Bank of Canada lowers key interest rate by 0.75%

December 9, 2008
12:00 pm

Peter

Admin

Forum Posts: 1514

Member Since:
May 15, 2007

Offline

Savers cry, those with variable rate mortgages rejoice:

http://www.canada.com/topics/n.....id=1051922

December 9, 2008
5:33 pm

Max

Member

Members

Forum Posts: 215

Member Since:
November 26, 2008

Offline

I think I should buy a new house right now

The day you become free is the day you work for fun.

December 10, 2008
12:46 am

Peter

Admin

Forum Posts: 1514

Member Since:
May 15, 2007

Offline

Banks don't fully pass on rate cuts for mortgages:

http://www.thestar.com/Busines.....cle/551153

It remains to be seen whether the banks will hit savers with the full rate cut...

December 10, 2008
9:59 pm

doug

Member

Members

Forum Posts: 4431

Member Since:
December 12, 2009

Offline

Yes, it will definitely be interesting.

I tend to think, having just lowered interest rates on savings accounts, they will stay the same for another month and then go down by either a quarter or a half percentage point.

Cheers,
Doug

March 3, 2009
5:44 pm

Peter

Admin

Forum Posts: 1514

Member Since:
May 15, 2007

Offline

Here we go again, another 0.5% rate cut to the key interest rate to a record low of 0.5%:

http://news.yahoo.com/s/afp/20.....0303173852

March 5, 2009
9:12 am

financier

Guest

Guests

what ever cut bank of canada is doing, not much benefit for present buyers as no bank offering any variable rates with prime less, but you have very good prime plus, so i think if someone buys home thinking prime rate, they r in trouble.

All RSS