CBA Issues a Backgrounder on Rates

CBA Further to the theme of yesterday’s story, the Canadian Bankers Association has posted a new article explaining how banks set interest rates. Article Link

In sum, the CBA says:  “While the Bank of Canada rate does influence the pricing of very short-term commercial credit, the Bank of Canada does not set the interest rates that consumers…pay on their loans (and mortgages).”

More Stories
rbc says mortgage regulation needed to control house prices
The Latest in Mortgage News: OSFI to Re-launch Review of the Uninsured Stress Test
Copy link