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).”
Visited 1 times, 1 visit(s) today
Last modified: April 29, 2014
