When the Bank of Canada met last week, it left its monetary-policy rate unchanged. More importantly, the Bank also removed any reference to future rate hikes.

This week's Bank of Canada meeting includes an especially interesting subtext.

The recent lurching in Government of Canada bond yields may push our fixed mortgage rates higher over the short term.

Last week Bank of Canada (BoC) Governor Poloz threw cold water on growing speculation that the BoC’s next rate move will be a cut, but I was unconvinced.

Today's post explains how recent U.S. developments are helping to put downward pressure on Canadian bond yields, and by association, our mortgage rates.

The Bank of Canada has become much more dovish of late, and given that, now seems like a good time to revisit the age-old fixed versus variable rate question.

Today’s post highlights from both of the Bank of Canada's communications last week and offers my take on the two key questions that matter most to fixed- and variable-rate mortgage borrowers: When will the Bank move its policy rate next? Will its next move be up or down?