Bank of Canada has cut policy rate by 0.50%. What does that mean to you?
December 12, 2024
This Guest Blog Brought To You By: Maryann Chase, TMG Mortgage Group The Bank of Canada cut its policy rate by 50 basis points (0.50 percentage points), bringing it down to 3.25%. This is the fifth reduction this year and will result in a lower prime rate -- which affects variable-rate mortgages...