For anyone picking a mortgage term based on market-projected forward rates and today's best offers *, floating looks about as appealing as a tax audit. The implied upside (i.e., the probability of maximizing savings with a variable) is too limited. As students of interest rates are aware, however,

With U.S. markets closed for Memorial Day, Canada's 5-year bond yield charted an independent course on Monday. Here's what moved our rates up and down to start the week.

Canadian yields felt the pull of global drama, even though retail sales decided to ignore the chaos and stay perky. Here's what influenced the 5-year GoC rate on Friday, and in which direction.