Yields barely flinched on Tuesday with no new numbers to chew on. The market essentially got another day to sit and ponder what Kevin Warsh might do once he’s handed keys to the Fed.

La Presse calls him "the most well-known mortgage broker on the web."

He’s among Canada’s top mortgage producers and a TikTok magnet with 238,000+ followers.

And now, Quebec's mortgage broker regulator reportedly wants him banned from the business — for a year.

The reason is a tidy cautionary tale for anyone marketing mortgages on social media.

Monday saw a monster U.S. manufacturing report that basically told the recession doomsayers to take a seat and gave the rate-hike crowd hope.

Meanwhile, Canada, not to be left out, staged its own little (and we do mean little) industrial comeback.

Overall, the stronger North American outlook reduced expectations of further monetary easing, nudging market rates higher.

Canadian growth flatlined in November and barely inched higher in December, likely keeping rates on ice even longer. But bond yields shrugged it off like yesterday's bad news.

Meanwhile, hotter-than-expected U.S. inflation, Trump's hawkish-leaning Fed chair pick, and a widening Canadian deficit stopped yields from dropping much—on either side of the border.

Out of all the things a brokerage or network can do for its agents, one of the most helpful is giving them access to value-added lenders the competition can’t touch.

DLCG's new deal with Equitable Bank is the latest entry in this race to win over brokers with lender exclusivity.

Naturally, we dug into the story to see if it was just marketing confetti. And thankfully, it isn’t.

Jobs data barely moved the market yesterday, while a wider U.S. trade deficit waved a bright red flag.

That macro unease was followed up this morning by news that Trump has tapped Kevin Warsh to run the Fed. Warsh would replace the world’s most powerful banker, Jerome Powell, once his term as chair ends on May 15.

Here's more...

Despite suggestions that OSFI would potentially replace the stress test with its loan-to-income (LTI) test, it looks like lenders will be stuck with both the LTI and the stress test indefinitely.

Here's the problem with that.

Yields barely reacted to the BoC and Fed leaving their policy rates frozen yesterday.

Meanwhile, U.S. policy instability and global tensions loom like a bad sequel, muting risk appetite and keeping mortgage rates stuck in their lane.