Wednesday brought gentler U.S. inflation than expected, as well as more signs of trade war de-escalation.

U.S. inflation came in cooler than expected, much to the delight of those who worship at the altar of cheap borrowing. Nonetheless, some economists are reminding everyone that this might be the part in the horror movie where the lights come back on—right before the axe drops.

Here's the breakdown of this morning's numbers:

In this light-news day, Canadian yields spent another day waiting for direction. Traders held steady in suspense, glued to U.S./China trade buzz and fixated on tomorrow’s U.S. CPI drop.

As we do daily, let's peer into what moved yields on Tuesday, and in which direction:

One of the hardest things for some mortgage advisors is coming up with natural reasons to talk to past clients.

That's a problem because, if you're an originator, deals depend on conversations.

But what if the conversations were started for you, with almost no effort on your part? That's the idea behind Ownwell.

Ownwell turns past clients into future deals by automatically sending them personalized homeownership reports that grab attention.

The information gets people thinking about options for move-up buying, their renewal, or refinancing. The goal is to either help folks save money or build wealth, all while leveraging data from the client’s current home and mortgage.

The 2024 Fall Economic Statement announced that the Canada Revenue Agency (CRA) had reached out to mortgage originators and financial institutions. Their purpose was to brainstorm the best design for a new tool to combat mortgage fraud.

Unfortunately, since CRA's industry consultation was publicized, it's been mostly crickets.

Last week, we contacted a mortgage tech executive who often has the inside track on these matters. He told us, "I think they are making no progress." He wondered if it's even "on their radar any longer."

Unnerved by that bleak forecast, we contacted CRA this week. The objective was to see if this project’s got any traction or if it’s just spinning its wheels in bureaucratic mud. Here's what they told us:

Over the last seven days, we haven't heard a peep from the national frontrunners—rate stability is having a moment.

The government's proposal to scrap the 5% GST ($50K) on a $1 million home "could translate to mortgage savings of about $240 per month and a slightly smaller minimum down payment for homebuyers," reported Desjardins Economics on Monday.

But the headline savings are only half the story. Here's what else people should know about this change: