💡For a rundown of what the BoC and Fed did today, see today's Mortgage Memo. At Wednesday's press conference, a reporter asked BoC Chief Tiff Macklem what he'll be doing on Saturday morning, when Trump is expected to hit us with tariffs. Rest assured,

💡Following this story (further below) we preview a new offering from Cedar, a company that wants to buy your land to lessen your mortgage burden. VC-backed online mortgage provider, Pine, is piloting a new offering from Zown that boosts buyers' down payments and gives them extra cash for closing

Talk about ironic timing. Mortgage shoppers have stampeded toward variable mortgages lately. Yet, large prime rate discounts are disappearing faster than hors d'oeuvres at a banking conference. In the last week alone, the average floating-rate spread below prime has shrunk by 5 bps (source: Canadian Mortgage Rate Survey)

"If pushed, our response will be the single largest trade blow the U.S. economy has ever endured." —Transport and Internal Trade Minister Anita Anand on Question Period Like a ticking economic time bomb, we're potentially mere hours from Tariff-ageddon. If Trump stays true to his