Canada's new budget has dropped, and it was mostly a snoozer for residential mortgage brokers—although slightly more interesting for commercial brokers. We’ve distilled the relevant bits for the mortgage and real estate worlds below. All quotes are directly from the budget unless otherwise noted. MLN'

💡See also: Mortgage Tidbits (below). Bond rates moved higher on Monday, buoyed in part by manufacturing data that surprised on the upside. More important is the scene being set for Tuesday’s federal budget release. Finance Minister Champagne claims it'll move Canada “from reliance to resilience” and “uncertainty

💡See also: Big Budget Incoming. Batten Down the Yield Hatches It's always intriguing to learn about successful lenders who employ unique methods to create better borrower experiences. Well, here’s just such a case. Exhibit A is Calvert Home Mortgage, a lender founded in 1975 by Everett Koeller

💡A new Amortization Simulator is available for download here. Halloween turned extra spooky after a frightful August growth report. Here's more on that, and how rates behaved heading into this week.