💡See also: Mortgage Tidbits (below). Amortization Simulator update: Download here Friday saw unemployment tumble by the steepest percentage since 2022. Be it stimulus-driven, AI-driven, resource-driven, or whatever, Canada's labour market wasn't supposed to have this momentum. Once the data hit the wires, Mr. Market didn’t

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.

💡See also: Mortgage Tidbits (below). U.S. labour stats showed unexpected vitality Thursday, as Canadian traders await proof of job life on this side of the border. StatCan's employment report is the last major data point until the BoC interest rate decision. Per usual, we'll have

Ontario's mortgage broker regulator recently released a new supervision plan for consumer protection. Before doing so, it (FSRA) discovered several problems with the brokered mortgages it audited. Among them: * 100% of private mortgage files "lacked documented suitability assessments and exit strategies." 💡For the uninitiated, private mortgage