Market update - Mar 2020

Michelle Feng

March 4, 2020

Finally, Bank of Canada cut its overnight rate by 0.5% this morning. We are likely to see a wave of rate drops of all fixed rate terms in the coming days. However, currently deeply discounted variable rate products may not remain in the market place for very long before they all disappear. If you are someone that prefers variable than fixed rates, I highly recommend you to lock one of these products sooner than later. We still have variable rate as low as P-1.2% today.