I didn't make this up, honest, someone actually spent time studying this! 

Now that I have your attention, you may have heard that interest rates have dropped as have gas prices... what will we do with all the extra money we have?  The Bank of Canada dropped the bank rate .50% each of the last 2 weeks and the banks passed the savings along by dropping their prime by the same on the first drop and we are awaiting their decision on the second drop.  The drops in the prime rate effect the variable rate mortgage and loan products, not the longer term fixed rate mortgage products which most people have. 

The longer term mortgage products follow the Canadian Bond Yields which have also plummeted the last 2 weeks along with the stock market and are expected to continue downward for the foreseeable future as we deal with the fall out from the Covid-19 virus, and a spat between Russia and the Saudi's driving oil prices down.