So what's new? lol
Today major central banks coordinated a 50bp rate cut.
Canadian Banks only cut prime rates by 25bps citing the financial crisis and their cost of Funds.
US Banks cut rates by 50bps.
US Banks face the same crisis, they're funding strains are arguably worse than what Canadian Banks face. Canadian banks are perceived as stronger and higher quality, US banks are seen as junk and the creators of this mess.
So if US banks can cut by 50bps, so should Canadian banks!
Email or call your bank, this is BS!