💡See also: Mortgage Tidbits (below). Monday's markets still felt the reverb from Friday's wretched jobs reports. The final determinant may be Thursday's U.S. CPI report, but at least one Fed cut is already baked into the cake.

💡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.