It's Good Friday, so let's kick off the weekend with some economic optimism that doesn't require divine intervention.

Trade tensions with the U.S. have thankfully simmered down, offering borrowers a somewhat improved inflation and interest rate outlook.

In fact, we've seen several rate-friendly developments in recent days:

Jerome Powell runs a little central bank you might have heard of called the U.S. Federal Reserve. It's only the most influential monetary force in the global bond market — essentially the sun that our financial solar system revolves around.

People will say what they will about Powell, but it's hard to doubt one thing: his independence from political influence.

It's this very attribute, however, that a certain someone in a big white house doesn't appreciate.

Fun Facts on BoC Pauses

The Bank of Canada just slammed the brakes on policy easing, leaving floating-rate borrowers pondering two questions.

1. How long will the prime rate flatline?
2. What happens after the BoC's pause?

If you look back at overnight rate records, you'll immediately notice numerous cases where our central bank paused. These intermissions indicate that the reasons for the prior trend in monetary policy had ceased on balance, at least temporarily.

Ever since the BoC first moved to scheduled announcement dates in December 2000, there have been 20 such pauses.

Those with variable-rate mortgages will need to keep their champagne on ice; the Bank of Canada isn't ready to pop the cork on lower rates just yet. Instead, it left its policy rate at its estimated "neutral" level of 2.75%.

For mortgage shoppers, we'll outline how to survive this will-they-won’t-they rate saga. But before delving into strategies, let's unpack the critical takeaways from today's BoC verdict: