BoC's Sudden Interest Rate Cut Means Lower Mortgage Rates, More Borrowing

 Economists say Canadian borrowers can expect as mortgage rates to dip slightly in response to the Bank of Canada's surprise move to cut its trend-setting interest rate.

The central bank lowered its benchmark interest rate to 0.75 per cent, from one per cent, on Wednesday to soften the blow of dropping oil prices on the Canadian economy.

Adnan Hashmi Realtor