StatsCan pulled another CPI rabbit out of its hat on Tuesday. For the first time since February 2021, inflation dipped below its 10-year average. July headline CPI simmered down to a lukewarm 2.5% y/y pace, practically rolling out the red carpet for a 1/4-point Bank of Canada

So far so good with the rate cut cycle. Everything's been going mostly according to plan after May (which usually indicates we're due for something unplanned). Camerican price levels are slowly but surely disinflating, the labour market is easing, and Wall Street / Bay Street projects that

Developers have been buying down mortgage rates to move unsold inventory for years. As I reported in the Financial Post last week, Concord, Ontario-based CountryWide Homes has been trying to lure buyers with a 2.34% three-year fixed since July. Similar builder tactics are taking root nationwide. At first glance,

“This is very reminiscent, so far, of 1987” —Ed Yardeni (via Bloomberg) Recession jitters, market turmoil in Japan and liquidity concerns slammed bond yields this morning. Despite a hefty intraday turnaround, the sentiment damage is done. Now markets wait for the next shoe to drop. It's possible yields