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Old 01-22-2009, 04:33 PM
Canadian Canadian is offline
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Join Date: Jun 2008
Posts: 415

Originally Posted by Steven View Post
I think that all big banks lowered their prime rates, by the same amount the Bank of Canada did. I'm also surprised, but I guess the banks got a lot of pressure from Flaherty and the conservative government to do so.
They can lower rates to 0%, but if consumers are not willing to borrow more, then the banks and the establishment have a big problem.
Bear with me please
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