Wednesday was one of those days when bad news was good news, at least if you’re a mortgage shopper. Between the weak data, factory closures, and federal bailouts, traders could practically hear the Bank of Canada rummaging through its drawers for the rate-cut shears.

💡See also: Mortgage Tidbits (below). On Tuesday, Fed Chair Jerome Powell gave a speech so dovish it could’ve nested in a bird sanctuary. Overly hawkish economists subsequently scurried to revise their forecasts, and could barely do it fast enough.

💡See also: Mortgage Tidbits (below) including an important OSFI update. Bond markets ended last week in full soap-opera mode — tariffs, blockbuster employment, an oil slide, and political theatrics all competed for the spotlight.

💡See also: Mortgage Tidbits (below). Investors nudged up the 5-year yield by two ticks on Thursday, as investors restlessly awaited Friday’s job numbers. Apart from that, however, it was yet another eerily subdued trading session.