OSFI Superintendent Peter Routledge hinted once again that Canada’s banking watchdog might fiddle with or outright ditch the mortgage stress test.

He argued that the newer loan-to-income (LTI) limit is better suited to its mandate, "which is to supervise financial institutions, not individual Canadians."

Much of the 58 bps burst in 5-year GoC yields since April 4 is "being driven by increasing term premiums," according to a new Desjardins report by rates strategist Royce Mendes.

Canadian yields inched lower today, largely because U.S. Treasury yields decided to lead the conga line off a mild cliff.

Here's a comprehensive breakdown of what moved government rates, and in which direction:

That was just one revelation in this year's annual Mortgage Consumer Survey from CMHC. The report remains one of the industry's go-to peepholes into the psyches of mortgage hunters.

Below are nine data-driven insights from the study, plus nine ways to turn the data into deals.

With no new domestic data to distract traders, Canadian yields largely played follow-the-leader with their American cousins.

Here were the day's catalysts, and the direction they moved rates in:

Canadian yields spiked on Tuesday after core inflation surprised. That combined with further bond selling following Friday's Moody's downgrade.

Here's how these and the day's other economic twists moved yields:

As expected, Canada's most-watched inflation measure hit the brakes hard, mainly because gas prices did too. Removal of the carbon tax and falling oil prices pulled CPI growth well below target.

Core inflation is a whole different story. Strip away the volatile stuff, and underlying inflation grew more concerning. The Bank of Canada is about as pleased with these numbers as a central banker who just spilled coffee on their freshly ironed forecasts.

Let's dissect how these numerical contradictions could impact mortgage rates:

Folks worried that U.S. stagflation will spill over Canada's border might find the chart below interesting. It shows what the Wall Street herd thinks will happen with U.S. GDP and core PCE inflation. It's like choose-your-own-adventure for economists.