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Board index » General » Current Events

Bank of Canada holds key rate at 0.5% as �significant economic slack� lingers | National Post

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Newsbot CKA Uber Posts: 30650 Posted: Wed Dec 07, 2016 9:59 am Title: Bank of Canada holds key rate at 0.5% as �significant economic slack� lingers \| National Post Category: Economics Posted By: shockedcanadian Date: 2016-12-07 08:55:14 Canadian

shockedcanadian CKA Elite

Posts: 3164

Posted: Wed Dec 07, 2016 9:59 am

Good luck Canada!

At least all of the "important" people will be alright...won't they?

Robair CKA Super Elite

Posts: 8157

Posted: Wed Dec 07, 2016 4:44 pm

So, why did my mortgage rate just tick up TD?

BartSimpson CKA Moderator

Posts: 65472

Posted: Wed Dec 07, 2016 5:41 pm

Robair Robair:

So, why did my mortgage rate just tick up TD?

Because they can.

shockedcanadian CKA Elite

Posts: 3164

Posted: Wed Dec 07, 2016 6:01 pm

Robair Robair:

So, why did my mortgage rate just tick up TD?

Because they can change rates they apply to you, this is the prime borrowing rate. Your rate will only go up if you are in a variable mortgage.

Robair CKA Super Elite

Posts: 8157

Posted: Thu Dec 08, 2016 3:50 pm

Yes, I know. Was a rhetorical question...

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