Quote:
Originally Posted by kevman
This. I, foolishly apparently, thought that bank prime moved with BOC prime. I took on extra risk with a variable mortgage under the assumption that if rates went up my interest would go up but if rates went down my interest would go down. Boy was I mistaken...
To be honest it's more the matter of principle... 
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If you're speaking of recently, you're still way ahead of the game vs. fixed rates though!