Prime Rate Archives – Claystone Mortgage Team

The Bank of Canada's Big Rate Drop – How does this affect you?

By Lisa Denyer, AMPIn UncategorizedPosted 2020-03-09

Part One - THE BENCHMARK RATE Last week, the Bank of Canada ( BoC) dropped their prime rate to 3.45% from 3.95%, the first rate cut since October 2018. Everyone by now has heard that news, but what does this mean to you? I’m creating a series of posts to...

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