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Bank of Canada Drops their rate to .25%!

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  • bucket
    Senior Member
    • Jan 2008
    • 17016

    #21
    Originally posted by SASKFARMER View Post
    Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

    So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

    Farmers get screwed again.

    How about FCC drop interest rate in the input loans to prime instead of what 6%.

    We’re not winning at this game weak leadership all way around.

    Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.

    We have absolutely phucking morons representing farmers...

    They should be screaming at their conservative MPs for not getting farmers the same deal....

    Comment

    • furrowtickler
      Senior Member
      • Dec 2004
      • 21844

      #22
      Originally posted by SASKFARMER View Post
      Trudeau today come up with a loan for buisness who can go in and get 40000 payable over two years back and the first 1/4 is forgiven. Interest rate prime.

      So all the farm groups who are so happy with cash advance waiving this $50.00 fee how smart are you guys at negotiations.

      Farmers get screwed again.

      How about FCC drop interest rate in the input loans to prime instead of what 6%.

      We’re not winning at this game weak leadership all way around.

      Oh fuel going up .07 cents next week and oil is 5 a barrel. Why because they can and will screw farmers.
      Round up increasing in price as well April 1
      All inputs look like increases .

      Comment

      • farmaholic
        Senior Member
        • Sep 2010
        • 17466

        #23
        Originally posted by bucket View Post
        We have absolutely phucking morons representing farmers...

        They should be screaming at their conservative MPs for not getting farmers the same deal....
        Get another loan,
        Negotiate a loan payment holiday,
        Or burn equity.

        Comment

        • Guest

          #24
          Originally posted by furrowtickler View Post
          Round up increasing in price as well April 1
          All inputs look like increases .
          No surprise there

          Comment

          • Hamloc
            Senior Member
            • Jan 2014
            • 3894

            #25
            So if the bank of Canada lowers it's interest rate but the banks do not lower their rates what benefit is it to the consumer?!

            Comment

            • Partners
              Senior Member
              • May 2010
              • 3105

              #26
              Rates going down at the bank.
              Spend.. spend..incase you survive this shit..
              Some at 3.7% today..

              Comment

              • AlbertaFarmer5
                Senior Member
                • Oct 2010
                • 12465

                #27
                Originally posted by Hamloc View Post
                So if the bank of Canada lowers it's interest rate but the banks do not lower their rates what benefit is it to the consumer?!
                One way of looking at that, Is It might keep the banks from failing , And needing a bail in with our savings. At least this way you might still have access to your bank account and credit to put a crop in.

                Not saying it is the right approach What it looks like is that everyone is going to need saving, this is just the first priority, since without that we will all resort to guns and ammunition in a matter of hours.
                Last edited by AlbertaFarmer5; Mar 27, 2020, 14:18.

                Comment

                • bucket
                  Senior Member
                  • Jan 2008
                  • 17016

                  #28
                  Originally posted by AlbertaFarmer5 View Post
                  One way of looking at that, Is It might keep the banks from feeling , And needing a bail in with our savings. At least this way you might still have access to your bank account and credit to put a crop in.

                  Not saying it is the right approach What it looks like everyone is going to need saving.
                  And what happened to those billions in bank profits?

                  Comment

                  • SASKFARMER
                    Senior Member
                    • Dec 2005
                    • 6934

                    #29
                    So what deal did skippy and company give the banks. Is he deep down letting non equity mortgages to be written off by the banks.

                    Was all the speculation in land linked to this. $650000 for Regina crap is this going to be written down to $350000 just to make it work. So who really got a benifit the guy slow and steady or the BTC.

                    Comment

                    • Flatlander
                      Senior Member
                      • Mar 2012
                      • 187

                      #30
                      Originally posted by 6V53 View Post
                      Check Kitco all gold and silver sold out.
                      Also check the premium, spot price means little. Huge premium and you still can’t get delivery, mints are closed and closing. Mines are closed and closing. Physical is sold to strong hands and likely to be hard to pry loose.

                      Comment

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