Quote:
Originally Posted by Slava
I absolutely agree that if the overnight rate had risen a quarter point it would've been followed by all of these institutions that same morning. There wouldn't be the deliberation that this move apparently requires.
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When the BOC rate changed on September 8, 2010 to 1% it took all of a day for TD and Scotiabank to up their prime rate to 3% on September 9, 2010...