Three of Canada’s major banks have decreased their prime lending rates by 15 basis points on the news that the Bank of Canada cut lending rates by 25 basis points to 0.75%. According to Ben Rabidoux, president of North Cove Advisors, went on record and said, “it’s not out of the realm of possibility that we will see a bank roll out a 2.5% five-year fixed offer, probably as early as March.”