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Thursday, January 22, 2009

Jan 22nd Interest Rate Drop

Categories:Interest rate drop,mortgage rate drop. interest rate reduced.,prime rate drop
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On Tuesday, the Bank of Canada lowered its target for the overnight rate by half a percentage point to one per cent, bringing the key bank rate to 1.25 per cent. Most banks have responded by lowering their prime rates, which had an immediate impact on variable mortgage rates and other rates affected by changes in the prime rate.
Sun News Services, Published: Thursday, January 22, 2009
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