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blueski · 01-23-2015, 03:46 PM

I wonder if the drop in BOC rate wasn't a stealth bailout to the big five banks who may be nervous with their current residential and commercial loans given the drop in crude.

Last time a bank didn't follow a BOC rate cut, Mark Carney was apparently on the phone giving them hell.

This time Joe Oliver doesn't want to "meddle in the day to day operations of commercial banks"

May have to switch all my day to day banking elsewhere and follow suit with my mortgage if they stall for too long with this BS.

01-23-2015, 03:46 PM	#82
blueski Scoring Winger Join Date: Dec 2014 Exp:	I wonder if the drop in BOC rate wasn't a stealth bailout to the big five banks who may be nervous with their current residential and commercial loans given the drop in crude. Last time a bank didn't follow a BOC rate cut, Mark Carney was apparently on the phone giving them hell. This time Joe Oliver doesn't want to "meddle in the day to day operations of commercial banks" May have to switch all my day to day banking elsewhere and follow suit with my mortgage if they stall for too long with this BS. Last edited by blueski; 01-23-2015 at 03:52 PM.