SCU follows Bank of Canada in cutting interest rates
The Chief Executive Officer for Steinbach Credit Union (SCU) says this week's lowering of the key interest rate by the Bank of Canada will probably be its last for a while. The Bank of Canada cut its benchmark interest rate by a quarter point Wednesday. The central bank's key rate now stands at 2.25 per cent after a second consecutive cut. Curtis Wennberg says SCU has now decided to lower its variable rate products as well. He notes their variable mortgage rate will be dropping from 3.8 to 3.55 per cent.
SteinbachOnline reports on SCU follows Bank of Canada in cutting interest rates
The Chief Executive Officer for Steinbach Credit Union (SCU) says this week's lowering of the key interest rate by the Bank of Canada will probably be its last for a while.
The Bank of Canada cut its benchmark interest rate by a quarter point Wednesd...
