Quote:
Originally Posted by Mortgage Made Easy
TD just announced that they are dropping Prime by 0.10%.
What do you think about this?
It's the 0.10% they didn't offer from the last Bank of Canada cut.
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Disappointing but not surprising. When rates start going up the banks will keep pace which means they've basically given themselves another 0.25% spread on variable rate lending. The only thing that I do find surprising is the lack of attention this is getting. I'm sure there was a thread on the off-topic board when the BoC dropped rates last time and this time nothing...