🔔The latest rate simulator is live with updated forward rates (download) It's increasingly looking like Canada's first rate cut is teed up for June 5 or July 24. But borrowers would be a lot more confident of that if it weren't for the U.

Now, here's something that'll get mortgage shoppers' juices flowing. TD has slashed its discounted variable rates. And not just a little.

This is not the pattern we like to see in Canada's 5-year bond. "Cup and handle" patterns like this tend to break out and follow through about two-thirds of the time. If that happens here, it projects the yield rising to roughly 4.20%—calculated by

Canada's rate market needed a win like this, and it got it. #Average core inflation# has delivered again. For the first time since the seemingly ancient days of mid-2021, it starts with a "2." Today's welcomed report read as follows: * Headline inflation: 2.9%