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Old 01-21-2009, 03:53 PM
Steven Steven is offline
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Join Date: Jul 2008
Posts: 139
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Quote:
Originally Posted by Canadian View Post
They will pass them only partially. If the cut is 0.5% then they might offer 0.25% for example.
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.
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