BREAKING Bank of Canada cuts again - to 0.25% - March 27

[Mortgage Made Easy]

Breaking News

Bank of Canada cuts another 0.50% off of their policy rate this morning.

Bank of Canada Cuts Rate to 0.25% - Emergency Move (https://business.financialpost.com/news/economy/breaking-bank-of-canada-cuts-rate-emergency-move)

The million dollar question this time is, will lenders extend the drop to consumers and lower Prime from 2.95% to 2.45%?

[Mortgage Made Easy]

Great News for variable rate mortgage holders... RBC, TD have dropped 0.50% so the Prime rate is 2.45% (RBC) and 2.60% (TD).

TD has 2 Prime rates and their Mortgage Prime is 2.60% and the bank Prime is 2.45%