Canada's Q1 GDP slowdown keeps fixed-rate watchers focused on bond yields
Real GDP growth cooled in the first quarter, giving bond markets another reason to watch whether borrowing-cost pressure is easing.
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Bond yields ease on softer GDP data; fixed rates slip modestly.
Canada's recent data came in below expectations, weighing on bond yields and nudging fixed rates lower.
Read full insightToday's Mortgage Pulse
View all newsBank of Canada holds the overnight target at 2.25% and flags July 15 as the next decision
The Bank of Canada maintained its policy rate and pointed borrowers to the July 15 decision as the next scheduled announcement.
Read insightGTA listing supply gives buyers more room to compare total carrying costs
Listing supply remains an important part of the affordability conversation across many Greater Toronto Area communities.
Read insightToday's Rate Snapshot
Updated todayLenderProductRateTrend
TDTD5-year fixed4.89% 0.05%
SScotia5-year fixed4.94% 0.05%
RBCRBC5-year fixed4.99% 0.05%
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