Don't get too excited about possible Bank fo Canada rate reduction!

Wouldn't be too excited about a rate cut from the Bank of Canada next week.  Although it may in fact happen, I doubt somehow that the savings will be passed on to the consumer from the banks and lenders.  Last 2 rate cuts totalling .5% only produced a savings to the consumer of .3%.  http://www.therecord.com/news-story/6232339-expectations-of-bank-of-canada-rate-cut-grow/