Folks worried that U.S. stagflation will spill over Canada's border might find the chart below interesting. It shows what the Wall Street herd thinks will happen with U.S. GDP and core PCE inflation. It's like choose-your-own-adventure for economists.

With no major Canadian data to stir the pot on Friday, the 5-year yield meandered like a Bay Street economist after a three-martini lunch. Here's what moved it, and in which direction.

Fresh CREA figures confirm that Canada’s housing sector is once again an innocent bystander in a geopolitical bar fight, this time courtesy of Trump's tariff war.

Sales are spinning their wheels while inventory stacks up like unclaimed luggage—because when the U.S. President treats trade diplomacy like a demolition derby, buyers hit the brakes and wait for the wreckage to clear.
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"There is no doubt that the ongoing trade conflict with the U.S. has weighed on consumer confidence and the housing market across the country," said National Bank Economics, adding that "potential buyers [are] waiting for more economic visibility before acting."

In the event any sellers are still clinging to hope like it’s 2021, here's the latest reality check:

A hefty helping of U.S. economic data has Canadian yields on the down escalator. Here was Thursday’s menu of bond movers and which way they nudged rates.

Canada's 5-year yield tiptoed upward as markets braced for Thursday’s data deluge. Otherwise, the day's trading had all the excitement of a beige wallpaper convention.

Here's what nudged Canada’s 5-year yield on Wednesday, and in which direction.

Canada's fruity-named brokerage network, Pineapple Financial (ticker: PAPL), has lost about 96% of its stock value since its IPO.

This week, its share price belly-flopped into single-digit pennies for the first time.