Published on
16:09 GMT
The BoC rate cut is a penalty for savers and a gift for people with variable-rate mortgages
The Bank of Canada is penalizing people doing exactly the right thing with their money. The best defence for your finances in a trade war is having cash in savings accounts. But by lowering its overnight rate on Wednesday by 0.25 of a percentage point, the …
Source:
The Globe and Mail
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