ST Alpha - "Bank of Canada raises the Prime Rate by a 1/4-pt to .75%." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 157

Bank of Canada raises the Prime Rate by a 1/4-pt to .75%.

Posted by Name Withheld by Request (aka BlueKopo) Jul 12 '17, 09:41

After going variable on our first mortgage in 2011 and getting .3 knocked off in two cuts, I'm glad we locked last fall. The variable offer was 2.19% and we locked for 2.35%.

Responses:

Re the IM: Nice. (We've always gone fixed rate) ... did I hear correctly that this caused a six cent jump in the dollar? -- nm - Beryllium Jul 12, 09:43 2
- it's been rising for a bit already in anticipation -- nm - Beaker Jul 12, 09:44 1
  - Yeah, I've been reading credible analysis that suggested it was all pretty transparent beginning with a speech about a month ago. - Name Withheld by Request Jul 12, 10:07

Post a message top

Bank of Canada raises the Prime Rate by a 1/4-pt to .75%.

Replies are disabled on threads older than 7 days.