Canada’s big banks followed the Bank of Canada’s interest rate cut today by 0.25% by dropping their prime rates by the same 0.25% as well. The following banks announced lower prime rates, which will all be effective tomorrow, April 22, 2009:
|
Lender |
Previous rate |
New rate |
|
|
2.50% |
2.00% |
|
|
2.50% |
2.00% |
|
|
2.50% |
2.00% |
|
|
2.50% |
2.00% |
|
|
2.50% |
2.00% |
See how these rates stack up against the competition and compare mortgage rates now.
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