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*Updated* Ongoing Bank of Canada Benchmark Rate Announcements
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07-13-2022, 08:30 AM
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The Fonz
Our Jessica Fletcher
Join Date: Dec 2004
Exp:
Puts the overnight @ 2.50%, highest level since 2008. Expect this to put Prime @ around 4.7%, and consequently HELOC interest rates at roughly 5.7-6.7%.
Going to be a lot of people feeling the pinch on their variable rate loans.
The Fonz
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