Quote:
Originally Posted by Jbo
Prime rate may eventually drop due to pressure from BoC, overnight rate and consumers...but immediate reaction was prime cut would not be coming...as TD said in its press release, there are more factors going on then just the overnight rate....just passing on industry scuttlebutt
|
You know what TD said in its press release is complete and utter dog piss combined with a heavy pile of horse ####.
What other factors are going on that are preventing them from dropping the prime rate? If they were so important then why was there not an additional explanation or press release detailing these incredibly important factors.
It's just lip service from the banking industry and a chance to protect their bottom line earnings.