Mortgage Rates

Bank of Canada cuts interest rates amid COVID-19 pandemic





Finance Minister Bill Morneau speaks after the Bank of Canada cut interest rates amid the COVID-19 pandemic. #cdnpoli #covid19

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40 comments

  1. Investing is not printing money to buy mortgages and MBS's in a housing bubble, allowing financial institutions and brokers an exit strategy…

    That's a bailout, not an investment. An investment doesn't destroy it's users purchasing power by allowing malinvestment to be inflated away, while providing liquidity sourced from the future public to cover over leveraged margin calls due to real rising interest rates while loans timeout.

    Reply
  2. Striving after the wind. :DDDDDD

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  3. On March 17th the Toronto Dominion bank charged me $48 NSF because I was short $2.00 to pay a $5.00 monthly garbage can rental. Do you really think banks are willing to help in a pandemic when they are busy
    " nichol and diming" it?

    Reply
  4. Banks are being "urged" to be flexible.😆 Banks. Flexible. Urged.
    Yeah. Banks are known for their flexibility. I urge the bank to be flexible when my mortgage comes due. I bet they'll urge me to pay it on time, or they'll urge me to live under the overpass. What a joke.

    Reply
  5. Lower credit card interest.

    Reply
  6. Are credit card companies and banks going to cancel the
    interest on credit cards, line of credit etc etc or are they going to
    keep profiting while the
    country is suffering ?

    Reply
  7. send every canadian 2000 cash directly. more test kits.

    Reply
  8. Get rid of income tax

    Reply
  9. blueberries

    Reply
  10. when will the banks follow ??

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  11. Does this mean that i don't have to worry about paying mortgage and car payment while recovering if I tested positive and have to stay home?

    Reply
  12. TAX REVOLT. NO CONFIDENCE

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  13. So far behind the curve! 6 weeks ago some of his might have helped, Gov of Canada->look a Korea and Singapore… they figured it out

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  14. Why would they cut the rates after just cutting them literally a week ago. We haven't even been hit by the financial crisis and we have almost no interest left to slash. These godamn fools have backed their own citizens into a corner before the mayhem has even began.

    Reply
  15. Yah sure, talk to the banks, they are making record profits, and watch as investors no longer think Canada is a place to invest in and do business.

    Reply
  16. Banking if you have no money how are you going get some cash if you’re not working, how will everyone get money by borrowing from banks is it free or is it just more a loan that is going to be repaid when we get back to work that if, if we still have a job when everything is back to normal more questions to this this vague promises

    Reply
  17. Why help Canada, you don't for anything else. Maybe send 200 million to another country to help fight the wuhan flu.

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  18. Maritime Mafia is real.

    Reply
  19. The worse finance minister, politician loves to talk sweet. Canada is weak because in 1 week wipeout 4 years gain on TSX.

    If you want real journalism, ask for the data. TSX WILL HIT 8000 like in 2009, mortgage rate will be 1%, and Real estate will crash like 1988.

    Reply
  20. None confidence vote anyone yet hello a Canada you home the illegal immigrants are still coming illegally into Qackbec every day one bus load at a time greeted by RCMP bellhops for 6 years now what a disaster liberals are wow even my 10 year old child is just baffled over there stupidity.

    Reply
  21. Zero payroll taxes for a year.
    Put the money in our pockets not those of the billionaires.

    Reply
  22. When will we see lower rates at ower banks ? What were experiencing is a Dirty Government Crisis ..Get them out !

    Reply
  23. the banks get the rate cut, to get more liquidity,(money) not the public! Did anyone see any bank lower its interest rates For You!?

    Reply
  24. Seems almost designed to expand public debt and prop up the artificial economy.

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  25. Cancel the fed tax. Cancel the carbon tax. Cut personal income tax in half. That's what I want to hear.

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  26. The only reason they cut rates is because morneau and Trudeau spent and spent..

    Reply
  27. Watched you acting swiftly?! HOW?! You’re the most pathetically useless government anywhere!

    Reply
  28. bill🖕🖕🖕🖕🖕🖕🖕

    Reply
  29. THE LIBERALS are all POS and who ever voted for them

    Reply
  30. Sounds like Loblaws is going to some more new fridges!

    Reply
  31. Act swiftly yeah right,like always Canada is last to admit this virus is serious.

    Reply
  32. this government loves to use nice sounding words to hide the truth, if you really took action, then we won't have growing out of control community spread now.

    Reply
  33. Lol. Since when did borrowing money become "investing" and bail-outs become "stimulus"?

    Reply
  34. Wow devalue money i worked hard for to pump asset prices this is gonna help the working class so much.

    Reply
  35. Oh Come on……..if there was a Pandemic…….then why is this government still allowing Illegal border crossers to come unchecked for CoronaVirus……..freely across the Roxam border crossing??? Some one needs to ask this Liberal Government why this is encouraged ( illegal border crossers) by Justin?

    Reply
  36. But they do absolutely nothing worth while at airports and the illegals crossing our boarders! Absolutely disgusting and we should all be very worried.😷😨😡

    Reply
  37. "The nine most terrifying words in the English are – "I'm from the government and I'm here to help."" – Ronald Reagan

    Reply
  38. Bill "Bubble Boy" Morneau. Buy Bitcoin.

    Reply
  39. What about the border????????

    Reply
  40. Every effort from bottom won’t do anything. One sick case from top just changed everything instantly.

    Reply

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