Bank Prime Rate Up – Savings Tip
Bank Prime Rate Up (variable rate mortgages) – Savings Tip This morning the Bank of Canada met and decided to raise the overnight lending rate by 0.25%, which was expected. Banks are expected to follow and adjust their prime rate to 2.75% over the next day or so and some have already made this adjustment [...]
Your Variable Rate Mortgage, Rate Unchanged.
Your variable mortgage rate is unchanged. Bank prime rate held at same level. The Bank Of Canada announced today that it will leave the target for the overnight rate unchanged so we can expect Bank’s prime rate to also remain unchanged. The next meeting for the Bank Of Canada will be on June 1, 2010 [...]
Bank Prime Rate – Variable Rate Mortgage, No change
Bank Of Canada Meeting – No Change Prime or Variable Rate Mortgages Once again, the Bank of Canada announced it would keep the key interest rate at a record low to achieve its inflation target of two per cent. As such, Bank’s Prime rate will also likely remain unchanged from its current level of 2.25%. [...]
Bank Prime Rate Unchanged – Variable Rate Mortgages
When the Bank of Canada met yesterday, December 8, 2009, they decided to leave the target for the overnight lending rate unchanged. This means that banks will most likely leave their prime rate also unchanged. Bank’s prime rate currently is 2.25%. This rate is projected to remain steady through to July 2010, after which increases [...]