NormanLane Real Estate | 709-221-SOLD | 323 Freshwater Road St. John's NL A1B 1C3

Monthly Archives: January 2015

Update: Bank of Canada lowers rates, but not the banks!

The big news last week was the Bank of Canada`s Governor announcement that he would be lowering the overnight lending rate by .25%. This generally translates into a reduction in the prime rate as well.  However, there tends to be a slow reaction to this news by the big banks. Now, I`d chaulk this up…
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