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Old 10-22-2014, 10:21 AM   #1
Mortgage Made Easy
Crash and Bang Winger
 
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Join Date: Sep 2014
Location: Calgary, AB
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Default Bank of Canada cancels press conference after shooting on Parliament Hill

No surprise that the Bank of Canada (BoC) is leaving its overnight interest rate at 1.00% for another six weeks – a position it has held since September 2010. Since any change to the overnight rate would directly impact Prime rate, the announcement that it will remain low is not only good news for variable rate mortgage holders, it’s also good news for every Canadian who has any loan attached to Prime, as well as for those who want to borrow money in the near future.

The not so good news is how what’s happening in the world around us has affected parts of the Canadian economy... Read More .

If you do have a variable rate mortgage, or a debt that has Prime attached to it... take advantage of paying down this debt by increasing your payment a little while it still lasts.

The final interest rate announcement for the year is scheduled for December 3, 2014.

Here is a link to the Shooting of Person at Parliament Buidling
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Tim Lacroix | 403-648-1541
Mortgage. Made Easy Experts
Kardia Mortgage Inc
www.TimLacroix.com

If you have any questions please feel free to PM me or email calgarypuck@kardiamortgage.com

Click here to View current Mortgage Rates

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