| Term | Bank Rate | Our Rate |
| 1 Year | 5.84 % | 4.24 % |
| 2 Year | 5.14 % | 4.14 % |
| 3 Year | 6.05 % | 4.09 % |
| 4 Year | 5.99 % | 4.09 % |
| 5 Year | 6.09 % | 4.09 % |
| 7 Year | 6.40 % | 5.09 % |
| 10 Year | 6.80 % | 5.14 % |
An article came across my desk the other day, and I’m going to provide the full text below, with my take at the very end. The article is credited to The Province and Sam Cooper. Here it is, reproduced for your reading pleasure __________ Begin Article __________ The buzz is back. In scenes rarely seen
The Bank of Canada today kept the key lending rate at 0.25% as forecasted. However, more importantly it continues to maintain its conditional commitment that they will not raise rates until the second quarter of 2010. This is welcome news to everyone in variable rate mortgages or have outstanding amounts in their lines of credit.
