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Breaking News: Bank of Canada Lowers Prime Rate by 0.25% – What It Means for You

by Joe White | Jun 5, 2024 | Legislative Changes, Mortgage Brokering, News

It’s time to talk to a Mortgage Broker In a significant move, the Bank of Canada has announced a reduction in the prime rate by 0.25%, bringing it down to 4.75%. As the President of REMIC, I want to provide you with a comprehensive understanding of what this...

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