The latest from RateLand

Today's shockingly strong U.S. jobs report was a stark reminder that high rates could haunt the housing market longer than expected.

January payrolls soared 517,000 versus the 188,000 consensus call. The 3.4% unemployment rate was America's lowest since 1969.

The news is a buzzkill for Canadian rate doves who've been celebrating both the Bank of Canada's rate pause and a less hawkish sounding Fed.

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