Quote:
Originally Posted by Mortgage Made Easy
Interesting article about BoC rate and Prime rate, posted in Financial Post
Further into the article it mentions that if banks don't cut Prime, BoC may be forced to lower BoC rate again to get the banks to cut Prime
It seems as though it is still a wait and see on whether someone lowers Prime before the next BoC meeting. The next 3 meeting dates are:
4 March
15 April* Monetary Policy Report published
27 May |
Further to this, TD is predicting BoC to drop by another 25 bps in March.
http://www.cbc.ca/news/business/bank...icts-1.2931859