Blurb: Bond yields spiked last week after the latest US and CDN employment reports were released. Here is my take on the implications for Canadian mortgage rates.
Today's post offers my take on the Bank of Canada's most recent rate cut decision, and explains why I think our variable mortgage rates have room to decrease further.
Bond yields plunged last week, our fixed mortgage rates should drop soon, and there is now broad consensus that the BoC will cut by 0.50% this Wednesday.