💡See also: Mortgage Tidbits (below). U.S. labour stats showed unexpected vitality Thursday, as Canadian traders await proof of job life on this side of the border. StatCan's employment report is the last major data point until the BoC interest rate decision. Per usual, we'll have

💡See also: Mortgage Tidbits (below). Markets were rattled on Wednesday after ADP employment data revealed a more serious contraction in U.S. jobs than anticipated. The surprisingly soft data made next week's Fed cut even more likely. And while Canada’s own chance of a December trim remains

Sometimes, all it takes is one report to violently reset market expectations. Today, we witnessed just that. Canada’s jobs report left Bay Street forecasts looking like a misprint. It was excellent data for growth fans, but rough news for low-rate fans.

💡See also: Carney’s Budget Passes, And Housing Starts Pass Out As you might have recently read, Scotiabank is calling for a rate hike in the back half of next year. It's a spirited call, albeit a shot-in-the-dark one, given so many things could radically alter the BoC&