⏩The short of it: In 2024, the BoC should loosen its grip and give rates a snip. The market's magic 8-ball now shows 5-6 target rate cuts in 2024. Until that seems imminent, the BoC will keep playing hardball—trying to deter premature rate celebrations and home-buying exuberance.

On Friday, it was "too early" for Bank of Canada head Tiff Macklem to consider rate cuts. Four days later, he's ready to consider considering them. Macklem told BNN he now thinks BoC cuts will happen "sometime in 2024." As Macklem does his monetary

Fed chair Powell is like the James Bond of central banking – licensed to thrill. And did he ever. The Fed banker with the golden gun started the rate festivities early this week, leaving mortgage originators feeling like they just hit the jackpot. The 2-year #GoC# yield—which often front-runs BoC

📰Canadian 5-year yields hit half-year lows following Fed announcement. It was a bombshell down in Washington D.C. today. The U.S. Federal Reserve has just signalled that liquidity will return to the mortgage market in 2024. In a policy swivel that few saw coming, Fed chief Jerome Powell confirmed