💡Stay tuned Tuesday for the newest Rate Simulation results. Yields popped early in the day thanks to the latest Trump–Powell episode. Traders sobered up by lunchtime, dragged rates back down, and left them hovering just above unchanged. While Monday’s headlines were heavy on political noise, markets now await

💡See also: Mortgage Tidbits (below). The U.S. Federal Reserve’s independence is the backbone of its inflation-fighting credibility. That's why, before Trump, most U.S. presidents—Johnson and Nixon excepted—avoided overt political pressure on the Fed. Trump, of course, completely ignored that long-standing norm, calling Fed

We got a small update on OSFI's mortgage stress test plans this week. Here's what we know...