Quote:
Originally Posted by bizaro86
So basically TD wanted to get out ahead of not cutting this time, but by cutting 10 bps this time it makes prime a "round" quarter point number again. Assuming all banks follow suit, it looks like they've just expanded their margins by 0.25% on a permanent basis in the last 6 months, by passing on only 0.25% of a 0.5% rate cut.
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Win-win for me
Mortgage gets cheaper and TD stock should fare a bit better...