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5yr Yield Falls 3 Bps After Learning the BoC Flirted With Cuts

The Bank of Canada kicked the tires on a 25-bp cut last month but deferred it, hinting they’ll only ease if underlying inflation stops acting so spicy.

For mortgage shoppers, that and a nickel still buys a nickel — nothing our readers didn't already know. The Bank is still waiting for a clearer pile of data to push it off the fence, one way or another.

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