Bank of Canada has reduced overnight deposit rate by 1/2%

As COVID-19 negatively effects our markets, Bank of Canada has reduced bank of Canada  overnight deposit rate by ½% .  This should help anyone in a variable mortgage, lines of credit and consumer debt overall. 

Until COVID-19 is under control, mortgage rates and variable rates will see a slight reduction.   

It is time for us to check your mortgage and maybe have a positive outcome in a negative market!

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