Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Laurentian Bank announced yesterday they're reducing mortgage rates
Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Laurentian Bank announced yesterday they're reducing mortgage rates, The Gazette reports.
Effective today, their benchmark five-year closed rate dropped by 10 basis points to 5.79 per cent matching changes made by Canada's other major institutions.
Desjardins Group also announced reductions on par with the larger banks.
