The CRA has shared highlights from its industry consultation on the government's new Income Verification Tool. It promises to use the broker and lender feedback it received to "inform" its design of the tool, citing two stats as reasons to complete this project: 1. Mortgage Professionals

💡The changing forward outlook has altered MLN's latest mortgage rate simulation results. See details below... International markets inflated Canadian bond yields on Monday, and the trend heading into Tuesday's CPI remains up. Meanwhile, with yields making new medium-term highs on Monday, multiple lenders announced fixed-rate hikes.

Macro bulls got some revenge Friday, a headline jobs number worth printing on a T-shirt. And, no matter how the deniers spin it, this report was a market sentiment shifter.

There are surprises, and then there are data releases that slap economists harder than a red wine hangover. This was the latter.