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Category: What's New in 2008

Bank of Canada lowering rate

Bank of Canada lowering rate
October 21, 2008 10:23am

OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/2 per cent.

Three major interrelated developments are having a profound impact on the Canadian economy. Click here to read more.

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Updated: Sep 8, 2010

Term	Ours	Banks
6 Month Fixed	3.75 %	4.75 %
1 Year Fixed	2.60 %	4.30 %
2 Year Fixed	3.09 %	4.05 %
3 Year Fixed	3.45 %	4.45 %
4 Year Fixed	3.89 %	4.75 %
5 Year Fixed	3.79 %	5.49 %
10 Year Fixed	5.19 %	6.85 %
5 Yr Variable	2.10 %	2.75 %
3 Yr Variable	2.05 %	2.75 %



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