💡A new Rate Simulator with the latest market-implied rate outlook is available here. Stay tuned for an important rate report this weekend. Friday's unsavoury jobs data—on each side of the border—sent yields tumbling and BoC rate cut probabilities soaring. The conversation quickly shifted from "will

💡See also: Mortgage Tidbits (below). Canada's bond market on Thursday felt like everyone collectively inhaled and decided not to exhale until Friday’s job numbers dropped. For the BoC, a surprise labour reading could tip the scales toward more rate relief on September 17—or another six weeks

💡See also: • While Some Slam Blanket Appraisals, OSFI Wraps Them In Reason • Mortgage Tidbits (below). Tuesday’s yield comeback had the lifespan of a mayfly. Rates retraced all of those gains on Wednesday before sliding to multi-month lows.

💡See also: Mortgage Tidbits (below). Tuesday saw a small snapback in bonds, with 5-year yields reclaiming about two-thirds of what they lost on Friday. Investors were in a bearish mood worldwide, with multiple long bond yields making multi-decade highs.