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.

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.

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.

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...

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:

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: