Bank of Canada drops their overnight target rate to 1.5%
Old 12-09-2008, 01:14 PM   #1 (permalink)
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The lowest it's been since 1958. They're officially calling it a recession. And there may be another rate drop in the future.

Not good.
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Old 12-09-2008, 01:40 PM   #2 (permalink)
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really glad i locked into a fixed rate mortgage 3 years ago when all looked rosy. yay me!
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Old 12-09-2008, 05:09 PM   #3 (permalink)
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really glad i locked into a fixed rate mortgage 3 years ago when all looked rosy. yay me!
Aren't you now paying much more then people with non fixed mortgages?
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Old 12-09-2008, 05:41 PM   #4 (permalink)
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Think he was being sarcastic
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