Monday, January 19, 2009

Prime Rate ToDrop?

We should see the prime rate drop by .50% tomorrow. Most economist's are predicting a drop by that much.I believe we could see a .75% drop and we do need the banks to match the full drop. The banks should already be lower by .25%, that they have held back already. If they do not pass on the full savings, we should see a lot of pressure from the Canadian government to pass on the savings to the consumer.

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