Quote:
Originally Posted by MillerTime GFG
BoC just announced they are cutting the overnight rate from 0.75 to 0.50. Expect banks to follow suit shortly; whether fully or partially.
Good news for those with variable rates.
|
Not that good of news since TD decided to only go down .1 and I assume everyone will follow. It is kind of a joke that the big banks continue to not pass the discount along to the consumers and raking in the cash.