PDA

View Full Version : Bank of Canada cuts prime rate today



bob winter
03-04-2008, 03:56 PM
The rate has been cut a half point, the largest single cut in years. To paraphrase what the bank said, it feels that the US econoomy is about to hit the fan and we should batten the hatches. Interesting times ahead.

The Bigfella
03-04-2008, 04:22 PM
Sheesh - our rate went up another quarter yesterday - making it twelve straight rises now. Official rate is now 7.25%

bob winter
03-04-2008, 04:24 PM
I think our prime is now 3.5