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Mortgage Broker News | 18 Feb 2011, 01:00 PM Agree 0
Research released by the Bank of Canada Thursday, not surprisingly suggests that Canada’s largest banks are slow to pass on cuts in the Bank of Canada’s policy interest rate.
  • Joe | 23 Feb 2011, 07:49 AM Agree 0
    I think the Cdn Competition Bureau should investigate this. Sound like anti-competitive practices. You have a large market share, you use it to your own advantage... not quite like MLS but still...Similar to gas companies.

    "Researchers found that “in the short run, five of the six largest Canadian banks adjust their rates upward more quickly when there are upward cost pressures than downward when costs fall,” he said.

    Having market power in Canada, “there is scope for banks to coordinate implicitly or explicitly,” Allen wrote. "

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