Banks move quickly to match rate cuts (Canada.com)
September 16th, 2009 | by DebtFree.net |Canada’s big banks, amid warnings of further economic deterioration and a temporary period of below zero inflation, wasted little time Tuesday in passing on the full measure of the latest interest rate relief from the Bank of Canada, cutting their blue-chip prime lending rate by a half-point to a record low of three per cent and reducing some fixed and floating rate mortgages.
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