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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (78221)	3/17/2020 8:32:10 AM
From: Goose94	Respond to of 202293

Canadian Banks: By 1820ET yesterday, Canada’s Big Six banks had all announced half-point cuts to their prime lending rates as they moved in lockstep down to 2.95 per cent. On the surface, sounds like good news for borrowers in the market for variable-rate mortgages and lines of credit, among other products. But prominent mortgage market expert Rob McLister suspects the banks (who he quipped as being “sucker-punched” by macro turmoil) may not pass along the full effect by tightening up standard discounts on those variable mortgages. "What banks giveth with one hand they will taketh with the other by way of variable-rate discount reductions,” he told BNN.ca