Connected To More
Signed in as . Sign Out.
Subscribe
Viewing All Posts. 1 Post Found.
Page: 1   Previous | Next

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 ...
Subscribe
Viewing All Posts. 1 Post Found.
Page: 1   Previous | Next