Daily Archives: December 2, 2011


In the last few days, RBC and Scotiabank have eliminated their advertised variable-rate discounts. They’re now promoting variable mortgages at prime + 0.10%, twenty basis points more than their previous “special offers.” Prime + 0.10% (i.e., 3.10%) is an interesting number. A few months ago consumers thought that fat variable-rate discounts were here to […]

Variable Discounts Turn to Premiums