Season 4

e54 - Cut to the Chase: Bank of Canada’s Rate Decrease
January 29, 2025x
54
00:11:5010.85 MB

e54 - Cut to the Chase: Bank of Canada’s Rate Decrease

The Bank of Canada has once again dropped their key policy rate, this time by .25%. This rate drop will most likely cause Canadian banks to drop their prime rate by .25%, which would bring prime to 5.2%. For those with Variable Rate mortgages, Adjustable Rate mortgages, and Home Equity Lines of Cre...