Late Wednesday, a U.S. trade court ruled several of Trump's tariffs unconstitutional. At first glance, this looks like a win for Canada. The court slapped an injunction on most tariffs (more on that). However, the automotive, steel and aluminum duties survive, according to Capital Economics. Before the

Canada's mortgage market eagerly awaits the final verdict on whether regulators will replace the federal mortgage stress test (a.k.a., "MQR") with their new loan-to-income (LTI) test. On Tuesday, MLN got new intel on this from our banking gatekeepers. The regulator told us:

The Finance Department and Bank of Canada better keep those foreigners happy. That's the takeaway from a National Bank report that showed foreign investors now control ~36% of our federal debt. The long-term average is 23%. Foreign investors bought a record $91 billion worth of Canadian IOUs (bonds

For anyone picking a mortgage term based on market-projected forward rates and today's best offers *, floating looks about as appealing as a tax audit. The implied upside (i.e., the probability of maximizing savings with a variable) is too limited. As students of interest rates are aware, however,