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Old 07-15-2015, 09:55 AM   #1
Slava
Franchise Player
 
Join Date: Dec 2006
Location: Calgary, Alberta
Exp:
Default Bank of Canada cuts rates

The Bank of Canada cut the overnight rate to 0.50% this morning. http://business.financialpost.com/ne...-rate-decision


This article was from prior to the cut wherein they suggest the banks are unlikely to follow (and like I've posted before I'm quite sure that isn't the intention of the central bank!) http://www.theglobeandmail.com/repor...ticle25498289/

And finally here is a video on what it could mean for you: http://business.financialpost.com/ne...for-homeowners
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