CIBC and TD have been dues-paying members of the "shrinking discount" club. The two megabanks sliced another 10 bps off their discounts from prime rate this week. Their moves are just the latest in an ongoing trend.

MLN has just completed major reconstructive surgery on the News-Stream page. It's now the new express lane for all of MLN's mortgage updates. News-Stream is particularly handy if you like to scroll on your phone like it's a morning paper. You can give it

Big 6 banks are doing some spring cleaning of low-margin rates. Lenders are usually quite competitive in April, but spreads (chart below) are getting too tight to hold the line. That's leading to modest jumps of 5 to 15 bps at the majors on a variety of fixed