Bank of Canada Announcement – September 17 2025
General Angela Calla 19 Sep
This morning, the Bank of Canada announced a 0.25% rate cut bringing the prime rate with most banks down to 4.70% (from 4.95%). The full press release is HERE. What this means: for every $100,000 of mortgage balance, interest may drop by about $13/month. While this change impacts variable and adjustable-rate mortgages, and home equity lines of credit it’s important to note that it is not directly tied to […]
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