Wendy Betts

Closed Rates:                          Open Rates:
6 Month Closed:   5.55%       6 Mo. Open: 7.70%
1 Year Closed:       3.99%      1 Yr. Open:    8.55%                           
2 Year Closed:       4.90%      Prime: Currently 3.50%
3 Year Closed:       4.64%       
4 Year Closed:       4.69%      ***5 Year Rate Special***
5 Year Closed:       4.49% /    4.44% - 5 Year fixed/Closed*
6 Year Cl ...

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