The Bank of Canada's TTFC ("time to first cut") has now been pushed out to early Q2 2023. That comes on the heels of today's ugly U.S. PCE report which showed inflation accelerating—more on that below. There are few better indicators of

The real estate start-up that pledged to buy your home at a guaranteed price if it didn't sell has shelved that offer. The company attributes the decision to "unprecedented volatility in the Canadian housing market." And with CREA's national average home price tumbling 25%

In just 19 days we've seen Canada's 5-year yield ramp-up 67 bps. Despite that, there are still dozens of lenders with fixed rates under 5%. Mind you, they're mostly 5-year fixed insured/insurable rates—plus a few fleeting 3- and 4-year products.

Those buckling under the pressure of high interest rates got a breath of fresh air on inflation today. January headline CPI dropped to 5.9% year-over-year, 20 bps below expectations. That was partly a function of monetary policy working its magic and partly due to the favourable 2022 January comparable