After the U.S. decided diplomacy meant blowing up Iranian nuclear facilities this weekend, here's what moved Canada’s 5-year yield, and in which direction:

Rates ended the week on a down note as retail sales flopped like a fish on a dock. Here's a quick unpacking of what drove Canada's 5-year yield on Friday.

Brokers prefer to get paid full commission on every deal, but it doesn't always work that way. Sometimes, even those who’d rather wrestle an alligator than offer a buydown end up shaving their pay or kissing a deal goodbye.

That brings us to a recent case where a broker lost a deal after being undercut by a TD rep. It was publicized in a private industry forum, with some swearing it proved TD’s got a vendetta against brokers.

Now, we're not trying to choose sides, but here's what that “banks have it in for brokers” line of thinking totally misses.

CIBC has quietly pulled the plug on the mortgage origination business at its digital banking arm, Simplii Financial. The guillotine dropped on June 19.

Thursday's U.S. holiday made Canada's bond market quieter than a library during a power outage. Here's what attempted to stir our 5-year yield, and in which direction:

As your devoted chronicler has reported for weeks, fewer borrowers are biting on variables.

According to the latest official numbers for chartered banks, floating-rate market share fell in April from 43% to 40%. And it should drop again in May.

Wednesday's Fed meeting was such a 'market shocker' that the U.S. 5-year yield moved exactly zero (0) basis points—out to two decimal places anyhow.

That is to say, the market foresaw almost everything the Fed threw at it.

Here's a quick look at how it all filtered through to the Canadian yields, and in which direction they moved: