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Mortgage Rates & Mortgage Broker News in Canada

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Mortgage Rates & Mortgage Broker News in Canada: Mortgage Rates & Mortgage Broker News in Canada - Home

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U.S.-Canada trade talks fell apart just before a midnight deadline, with 50% tariffs hitting billions of dollars of Canadian goods and Prime Minister Mark Carney vowing to retaliate in a dispute that looks poised to intensify.

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Surging government debt, inflation risks and geopolitical tensions have driven long-term yields toward multi-year highs, prompting lenders to raise fixed mortgage rates.

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Canadian Prime Minister Mark Carney is on the brink of a trade pact with the U.S. His next challenge will be convincing his country that swallowing some tariffs is worth the greater economic certainty that a deal would bring.

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Canadian retail sales are set to fall for the first time this year, but strong second quarter purchases point to a rebound in consumption.

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Bank of Canada researchers found that lower rates lift home sales quickly and housing starts only after a delay, resulting in persistent price increases—particularly when unemployment is low.

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