Bank of Canada lowers key interest rate by 0.75% | General comparisons | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Bank of Canada lowers key interest rate by 0.75%
December 9, 2008
12:00 pm
Peter
Admin
Forum Posts: 1454
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
1sp_Permalink sp_Print

Savers cry, those with variable rate mortgages rejoice:

http://www.canada.com/topics/n.....id=1051922

December 9, 2008
5:33 pm
Max
Member
Members
Forum Posts: 212
Member Since:
November 26, 2008
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
2sp_Permalink sp_Print

I think I should buy a new house right now

The day you become free is the day you work for fun.

December 10, 2008
12:46 am
Peter
Admin
Forum Posts: 1454
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
3sp_Permalink sp_Print

Banks don't fully pass on rate cuts for mortgages:

http://www.thestar.com/Busines.....cle/551153

It remains to be seen whether the banks will hit savers with the full rate cut...

December 10, 2008
9:59 pm
Doug
British Columbia, Canada
Member
Members
Forum Posts: 4306
Member Since:
December 12, 2009
sp_UserOfflineSmall Offline
sp_UserWebsite sp_Facebook sp_LinkedIn sp_YouTube
Go to Top
4sp_Permalink sp_Print

Yes, it will definitely be interesting.

I tend to think, having just lowered interest rates on savings accounts, they will stay the same for another month and then go down by either a quarter or a half percentage point.

Cheers,
Doug

March 3, 2009
5:44 pm
Peter
Admin
Forum Posts: 1454
Member Since:
May 15, 2007
sp_UserOfflineSmall Offline
sp_UserWebsite
Go to Top
5sp_Permalink sp_Print

Here we go again, another 0.5% rate cut to the key interest rate to a record low of 0.5%:

http://news.yahoo.com/s/afp/20.....0303173852

March 5, 2009
9:12 am
financier
Guest
Guests
Go to Top
6sp_Permalink sp_Print

what ever cut bank of canada is doing, not much benefit for present buyers as no bank offering any variable rates with prime less, but you have very good prime plus, so i think if someone buys home thinking prime rate, they r in trouble.

No permission to create posts
sp_Feed All RSS
Go to top

Please write your comments in the forum.