BOC announced today they are dropping their rate to .5%
This represents a .25% drop.
Of course, TD has dropped their rate by an IMMENSE ".1%"
No need to pass any savings to customers when it can go to shareholders. . . .
http://www.bankofcanada.ca/2015/07/fad-press-release-2015-07-15/
BOC "barely" admits we are in a recession again.