Once again, Canada's wheel of employment treated Bay Street estimates like satire. And this time, the Labour Force Survey surprise was on the downside. Here was the damage: * Estimated job change: -40,800 (est. +13,500 | prior 83,100) * Unemployment rate: 6.9% (est. 7.0% | prior 6.

💡See also: Mortgage Tidbits (below). Bond yields hit the snooze button on Thursday, but the action should heat up at 8:30 a.m. ET on Friday. That’s when the curtain rises on Canada’s monthly labour theatre. Traders are bracing for gloom in the data: weaker hiring, higher

This is a question that virtually every mortgage lender wants to know, but none of them really do. The reason that no lender truly knows is threefold: 1. There are few public sources of these data 2. The stats that exist conflict, and 3. Private lender data isn't

💡See also: GDS talk in today's Mortgage Tidbits (below). With an economic calendar devoid of action, our five-year yield rose by a single lonely basis point, mostly out of boredom. But that alone is notable for one simple reason. Friday's flaming dumpster of a U.S.