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Great expectations are priced for disappointment

The fourth year of a presidential cycle is all about promising. The first year of a presidential cycle is about trying to deliver on all the promises. At the start of President Trump’s last term in 2017, the U.S. government … Continue reading

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Rates back up more

It looks like the U.S. election is yielding a decisive verdict, and that’s good news. Risky assets like stocks and cryptocurrencies are up sharply on the promise of less regulation and further tax cuts from a Republican-led government. In less … Continue reading

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Home listings rise as pandemic-era mortgages approach renewal

A new CMHC report notes that 1.2 million mortgages are up for renewal in 2025 and 980,000 in 2026. About 85% have fixed rates contracted when mortgage rates were below 2% compared with over 4% today. Although the Bank of … Continue reading

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