Big banks not budging on mortgage rates after central bank cut
Toronto-Dominion Bank, Canada’s largest lender, says it has no plans to cut its prime rate to match the central bank’s move, keeping the rate linked to variable mortgages, car loans and other securities, at 3 percent. Other banks, including Royal Bank of Canada, are also holding off.
Katia Dmitrieva and Doug Alexander, Bloomberg
Posted on 1-23-2015 at 6:54 AM