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No Change To Bank of Canada Rates

No Change To Bank of Canada Rates

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. For mortgage borrowers this means that those in Variable Rate Mortgages...
Banks Decreasing Variable Discounts

Banks Decreasing Variable Discounts

TD Canada Trust, RBC Royal Bank, CIBC and Scotia announced today that it is changing its Variable Closed Residential Mortgage rates, effective September 15th, 2011. The Non-bank lenders most likely won’t be far behind in matching this change. With the profits on...