Posted AT 3:54 PM EST on 18/11/09
Banks cut fixed-rate mortgages
Toronto — Several of Canada's big banks said Wednesday they would cut their posted rates for fixed-rate mortgages by up to 0.25 percentage points.Royal Bank of Canada cut its rates for one, two and three-year closed mortgages by 0.2 percentage points, effective Thursday.Canada's largest bank cut is posted five-year closed rate by 0.15 percentage points to 5.
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