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Old 07-15-2015, 01:04 PM   #5
codfather
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Join Date: Mar 2012
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Quote:
Originally Posted by Mortgage Made Easy View Post
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.

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...

Last edited by codfather; 07-15-2015 at 01:47 PM.
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