In a week devoid of meaningful Canadian data, the spotlight has swivelled south. Yesterday, bond markets spent most of their time stewing over a weaker-than-expected U.S. retail sales report. That, plus more Trump-Canada squabbling (this time over a bridge), brought out the bond buyers. Now all eyes shift to
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Some important new details emerged on Nova Scotia's new low-downpayment program.
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💡See also: The latest rate simulator results (below).
Monday's bond markets remained subdued in the absence of any meaningful economic data or shocks. But we nonetheless picked up plenty of signals that could steer rates over the medium term.
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In mortgage lending, news headlines are everywhere; usable, revenue-driving strategies are not.
In an industry drowning in information, the insights we do get are frequently inconsequential, untimely, or incomplete. And there's often no easy way to flesh them out.
All of that led MortgageLogic.news to rethink how
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"Canada lost jobs last month, and markets couldn’t have cared less," declared Scotiabank’s Derek Holt.
"Heartless? Not really, it’s a rational response to a dog’s breakfast of data and shaky underlying drivers," he said.
Here's what else economists were chewing
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