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What is Prime Rate?
If you’ve ever read the financial section of the newspaper, had a conversation with a lender, or someone in your family who loves talking about money or the “big banks” then you’ve probably heard the term prime rate. What you might not know is exactly what prime rate means and… Read More
Bank of Canada Responds to Drop in Oil Prices, Cuts Rate.
This blog post is based on the Financial Post’s article “Bank of Canada cuts key rate to 0.75% as oil plunge takes toll on economy” written on January 21, 2015. In what many economists are calling “protection against the lowering prices of gas” The Bank of Canada lowered its… Read More