Friday, January 13, 2012

Interest Rates Hit a New All Time Low - Why You Should Care

We Canadians have been pretty spoiled with relatively low rates for some time. But as of yesterday, The Bank of Montreal announced it is lowering its rate on five-year fixed mortgages to 2.99 per cent, an all-time record low in Canada.

This recent announcement is likely to spur competition with our rival banks according to a recent Huffington Post article.

The question is, why should you care?

Read the full article here:

1 comment:

Anonymous said...

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setting your alarm for 5am to go run a few miles will probably fail.
Most of us love it; going to Mac - Donald or Burger King from time to time.

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