On November 19th, 2009, Canadian Imperial Bank of Commerce (CIBC) announced it will be making changes to its residential mortgage rates. These rates have been effective since Friday November 20th, 2009. The changes made in mortgage rates are as follows:  Six Month Convertible 4.65% No change Six Month Open 6.70% No change One Year Open

Scotiabank announced on October 13th changes to its residential mortgage interest rates. The residential mortgage rates have increased slightly, and will be effective on October 14th 2009. With the increase in residential mortgage rates, it goes to show that the economy is doing well to the point for this to happen; or one might say

Canadian Imperial Bank of Canada (CIBC) announced on October 13th that there will be changes to its residential mortgage rates and will take effect on October 14th. The changes are as follows:     Six-month convertible               4.65 %                                up 0.10 % Six-month open                             6.70 %                               up 0.10 % One-year open                                6.45 %                                up 0.10 % One-year closed