Wednesday was a peaceful day on the Canadian macro front, but falling U.S. rates proved once again that Canadian bonds are easily distracted by shiny American objects.

Here's what swayed Canada's fixed-rate leading 5-year yield on Tuesday, and in which direction...

Did mortgage shoppers get short-changed this rate cycle?

That's a question the National Bank of Canada (NBC) set out to answer in a new report. Its findings reveal that the prior three BoC cutting cycles delivered "much more relief" to fixed-rate borrowers.

Before we delve into that point, however, here's a peek at how much the BoC's 225 bps of easing lowered bond yields so far.
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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...