Canada's 5-year yield is lurking just below the conspicuous 3% level, above which it hasn't ventured in 4.5 months.

Here's what's moved 5-year #GoCs# on this data-starved Monday, and which way the yield winds were blowing:

Servus Credit Union is rolling out its Halal Mortgage this fall through a new wholly owned subsidiary, Servus Halal. The product is a clever workaround to paying interest, which is banned by Sharia law.

The structure caps loan-to-value at 80% with fixed monthly payments stretched over 25 years (because even divine finance appreciates predictable cash flows).

Servus's new offering is what Islamic finance calls a "Murabaha agreement," which means:

Friday's job reports sent bonds tumbling faster than a loonie down a Bay Street storm drain. MLN's got the lowdown on that, plus a fresh batch of mortgage nuggets to pad your off-hours reading list—because nothing says “weekend unwind” like rate quirks and industry drama.

North America's labour market took a tariff punch to the gut, but it's fighting its way out of the corner. Overall, May employment was a small upward surprise, north and south of the 49th. Yields are rallying as a result.

Here are the numbers that made economists’ hearts flutter:

If you're a national lender or broker and you want to know how your average loan sizes stack up, these are the latest benchmarks from Equifax.

Natural disasters are hitting Canadians harder and more often, causing severe financial, physical, and emotional stress for mortgagors.

Default insurers want borrowers to know: help is available. All three have recently reaffirmed mortgage relief options for those impacted.

Here's more...

Yields inched higher ahead of the second-most anxiously awaited economic ritual of the month—StatCan's monthly job lotto, also known as the Labour Force Survey.

Here’s what jerked yields around on Thursday, and in which direction.

The Bank of Canada showed up today, but rates barely noticed. Instead, its policy pause was overshadowed by America's bad day on the macro circuit. Treasury yields tumbled, and Canadian rates went along for the ride.

Here's more on what shifted Canada's 5-year yield today, and in which direction: