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Competition Bureau Investigates DLC

The Competition Bureau announced Friday that it "has obtained a court order to advance a civil investigation into alleged anti-competitive conduct by Dominion Lending Centres Inc. (DLC)." "This includes examining certain practices that limit mortgage brokers' ability to use the technology solutions of their choice,"

This & That: May 17, 2023

* Rate alert: Be careful with floating those rate holds on fixed mortgages. The 4-year swap—a preferred fixed-rate funding gauge (chart above)—closed at over a 2-month high today. This is a made-in-Canada move. Our 5-year yield is up 30 bps this week versus just 14 bps for the U.
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