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RBC increases Interest on Mortgages again!

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  • SASKFARMER3
    Senior Member
    • Feb 2006
    • 14485

    RBC increases Interest on Mortgages again!

    RBC for the third time this month increases the rate it charges for mortgages. Hm the crooks need money. Here we go the economy isn't running on all cylinders yet the RBC is first to increase cost of borrowing. Nice Job RBC.
  • parsley
    Senior Member
    • Oct 2000
    • 10986

    #2
    look at it from another point of view, as a RBC depositer.....I want more interest accruing every month. Pars

    Comment

    • hlg
      Senior Member
      • Nov 2009
      • 143

      #3
      Must be nice to collect intrest instead of paying.LOL.

      Comment

      • rockpile
        Senior Member
        • Oct 2000
        • 879

        #4
        It should be the primary goal of every operator to
        eliminate operating loans. Huge difference in
        profitability. The spread between borrower paying and
        depositor earning is obscene - why Cdn banks make
        so much money! Guess who makes it happen?
        Politicians - what happened to grass roots
        Conservatives. I'm sick and tired of Mike Duffy e-
        mailing me for contributions - time for the reverse!
        Rockpile

        Comment

        • fjlip
          Senior Member
          • Oct 2002
          • 9924

          #5
          I told Mike cheques in the mail as soon as CWB is dealt with, long gun registry is canceled and global warming is labeled a LIE.

          Comment

          • SASKFARMER3
            Senior Member
            • Feb 2006
            • 14485

            #6
            Rock-pile I agree every single soul should get their debt level down. Or lock in rate as soon as they can.
            Also the Conservatives would get way more praise if they just grew a set and did what they said they would instead of trying to make Ontario and Quebec happy. As a western Canadian I am not happy.

            Comment

            • fjlip
              Senior Member
              • Oct 2002
              • 9924

              #7
              Sk3 they know we have NO other choice and will vote for them anyway. Taken for granted. Keep complaining to MP, maybe they will get the message.

              Comment

              • rockpile
                Senior Member
                • Oct 2000
                • 879

                #8
                A better strategy would be to toss the odd one out to
                get their attention, don't you think?
                Rockpile

                Comment

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