Canadian rates barely moved after today's 2:00 p.m. ET Fed decision.
The reason: Fed Chair Powell's messaging was as revelatory as reruns of "The National"; markets had seen this episode before.
Nonetheless, we did spot a few subtle but important twists in
Trump and Carney's much-anticipated first encounter is over. In a display of diplomatic restraint, the two leaders managed a meeting that was both productive and devoid of verbal fireworks, so that's a positive.
Here are some of the highlights, complete with mortgage implications:
Canada's bond traders began the day fidgeting like they’re waiting for a dentist appointment. Canadian markets were almost singularly focused on news out of the Trump-Carney summit.
The noon-time faceoff in Washington, D.C. started high-stakes negotiations that could take Canada's bond yields on a
There's been quite a lull on the national rate leaderboard, but a pulse was detected on Monday. There were four moves among the rate leaders, the most in two weeks.
Among the notable changes: