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💡See also: • WealthONE Bank 2.0 (Link) • A must-read explainer for anyone who thinks Canadian mortgage rates live in a vacuum (Link) • Mortgage Tidbits (below) Canadian bonds started the week by hitching a ride on U.S. Treasuries' coattails. Here's more on that and what else was

5yr Yield Climbs 3 Bps as Tariff Worries Resurface

💡
See also:
• WealthONE Bank 2.0 (Link)
• A must-read explainer for anyone who thinks Canadian mortgage rates live in a vacuum (Link)
• Mortgage Tidbits (below)

Canadian bonds started the week by hitching a ride on U.S. Treasuries' coattails. Here's more on that and what else was rattling Canada's 5-year yield.

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DLC co-founders Gary Mauris and Chris Kayat, and Wind Mobile co-founder Anthony Lacavera, were part of a consortium that took a controlling stake in WealthONE Bank. The group dropped $58 million for an almost two-thirds interest in the bank, which the Globe & Mail reports has never made a profit.

WealthONE Bank 2.0

DLC co-founders Gary Mauris and Chris Kayat, and Wind Mobile co-founder Anthony Lacavera, were part of a consortium that took a controlling stake in WealthONE Bank.

The group dropped $58 million for an almost two-thirds interest in the bank, which the Globe & Mail reports has never made a profit.

Past performance doesn't predict future results, however, especially with the right leadership. These guys above could probably invest in dial-up internet and still turn a profit.

Most likely, this deal is the launchpad for transforming WealthONE from a small-time player into an eventual mid-tier rival in Canada's banking market.

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💡See also: • Mortgage Tidbits (below) With the world's biggest bond market on holidays, Canadian yields were left to their own devices on Friday. Here’s what was lighting a fire under Canada’s 5-year yield.

5yr Yield Falls 3 Bps in Listless Session

💡
See also:
• Mortgage Tidbits (below)

With the world's biggest bond market on holidays, Canadian yields were left to their own devices on Friday. Here’s what was lighting a fire under Canada’s 5-year yield.

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

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Treasuries took a dive Thursday after declining U.S. unemployment caught markets off guard. Canadas then tagged along for some of the move lower (falling prices = higher yields). Here's more on what shifted yields on Thursday, and in which direction...

5yr Yield Up 3 Bps After U.S. Jobs Beat

Treasuries took a dive Thursday after declining U.S. unemployment caught markets off guard. Canadas then tagged along for some of the move lower (falling prices = higher yields).

Here's more on what shifted yields on Thursday, and in which direction...

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U.S. Jobs Defy Expectations With Upside Surprise

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Fixed Rates Rule But Variable Re-Gains Traction

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After being closed on Tuesday, Canada's bond market had to play catch-up to the U.S. market. Here's what jostled our 5-year yield, and in which direction:

5yr Yield Surges 9 Bps to Catch Up to Treasuries

After being closed on Tuesday, Canada's bond market had to play catch-up to the U.S. market. Here's what jostled our 5-year yield, and in which direction:

You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

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Changes to CMHC's MLI Select program in the last year have "reduced the attractiveness" of the agency's multi-unit financing, relative to conventional construction financing. So says Versabank President David Taylor, who's seen applications for the product "dry up" at his

CMHC's Changes Hamper MLI Select, Says Bank President

Changes to CMHC's MLI Select program in the last year have "reduced the attractiveness" of the agency's multi-unit financing, relative to conventional construction financing. So says Versabank President David Taylor, who's seen applications for the product "dry up" at his institution.

"Until earlier this year, there was enough demand for CMHC multi-unit financing," Taylor told MLN in a recent interview. "[Since] CMHC changed the rules...our real estate developers don't find it attractive anymore to pay CMHC fees."

He points to four CMHC rule shifts in particular:

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