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Bank of Canada set to cut Interest rates Septmeber 9/2015

According to the latest article from Global Investor the bank of Canda is set to decrease Interst rates.  How will that affect Mortgage Rates? Check out the full article http://business.financialpost.com/investing/global-investor/bank-of-canada-will-cut-interest-rates-again-on-sept-9-national-bank-predicts Marty Fekete Lethbridge Mortgage

THE PRIME STAYS PUT, WHAT DOES THIS MEAN TO VARIABLE RATE

The Bank of Canada has announced that their lending rate will stay at 1% which means that Prime (the rate that consumers pay) will stay at 3%. The major banks were thinking that Prime was going to increase, every indication showed to them that Prime was going to go up. In turn, the banks started to give a better variable rate discount to consumers.   Let me explain, when the Five Major Banks ...
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