01/23/2015 06:15 EST | Updated 03/25/2015 05:59 EDT

TD not cutting rate 'at this time'

Anyone with a line of credit or a variable rate mortgage could have a lot more money on hand depending on what the big banks do next. The Bank of Canada surprised everyone Wednesday by cutting its key interest rate by 0.25 per cent. But at least one big bank, TD, says it's not going to follow suit "at this time." 

But experts say even if the rate doesn't drop today, there will likely be another dip in the future. 

"I think the benefit is savings in thousands of dollars, especially with our home mortgage," said Rob Fia, who is moving quickly to reconsider the mortgages for his home and three investment properties. 

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