💡See also: Mortgage Tidbits (below) Floating mortgage rates got a haircut on Wednesday, but fixed-rate funding costs went the other direction. That's not unusual in the latter stages of rate cut cycles, especially when core inflation treats policy targets as optional.

💡See also: • Underlying Inflation Stays Hot, Yet Rate Cut Odds Stay Hotter • Mortgage Tidbits (below). Tuesday's inflation data was quickly shelved as traders prepared for whatever cryptic pronouncements the BoC and Fed might deliver come Wednesday's press circus. We all share essentially the same data as

💡See also: Mortgage Tidbits (below). Bond yields edged lower as traders practised synchronized breath-holding for this week's BoC, Fed, and StatCan triple feature. It all starts with the Canadian CPI at 8:30 a.m. ET today.

💡See also: Mortgage Tidbits (below). Rates start the BoC's meeting week in a controlled downtrend, having shed a quarter-point in the last month. For weeks now, confidence has been circling the drain, but a Wednesday trim from Team Macklem might finally give markets the emotional support they’ve