With oil prices near 4+ year lows, many rate-watchers are pondering what that means for mortgage rates. The reality is it's a complex relationship. Oil price moves aren't “good” or “bad” in a consistent way. Whether oil causes monthly payments to shrink or swell boils down

The BoC held the line on rates this morning, and nobody had to feign astonishment. Heading into the decision, overnight swaps were pricing a 94% chance of no move, leaving the remaining 6% for the people who still bet on lottery tickets. "Employment has shown solid gains in the

Sometimes, all it takes is one report to violently reset market expectations. Today, we witnessed just that. Canada’s jobs report left Bay Street forecasts looking like a misprint. It was excellent data for growth fans, but rough news for low-rate fans.