Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Bank of Canada drop rates 75 basis points

Bertuzzied · 12-09-2008, 11:16 AM

Yup the banks screw us again. They are only given their consumers a 50 basis cut so the bank prime rate is 3.5%, which means they are making an extra .5% off us by not matching the central bank. We should be at 3% right now.

12-09-2008, 11:16 AM	#12
Bertuzzied Lifetime Suspension Join Date: Apr 2004 Location: Market Mall Food Court Exp:	Yup the banks screw us again. They are only given their consumers a 50 basis cut so the bank prime rate is 3.5%, which means they are making an extra .5% off us by not matching the central bank. We should be at 3% right now.