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Economics2h 59m ago
Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat, and a burst of optimism has knocked WTI crude down more than seven per cent since Monday.
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Canada, United States
Who
Robert McLister, University of Michigan
What
Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat, and a burst of optimism has knocked WTI crude down more than seven per cent since Monday.
When
Fri, 12 Jun 2026 17:31:11 GMT · 2h 59m ago
Where
Canada, United States ·
Why
Modest fixed-rate relief is possible due to the decline in WTI crude prices and a 50-basis-point decline in long-term U.S. inflation expectations.
The Frontline Impact
How this affects you
The drop in oil prices and U.S. inflation expectations has pushed Canada’s five-year government yield to a seven-week low, suggesting potential for modest fixed-rate mortgage relief for Canadian borrowers.
Story chain
6 events in this thread- Economics2h 59m agoMarkets are betting that Iranians will formally sign onto the United States peace proposal, which has caused WTI crude to drop more than seven per cent since Monday.Open article
- Currently Reading2h 59m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat, and a burst of optimism has knocked WTI crude down more than seven per cent since Monday.
- Economics2h 59m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics2h 59m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics2h 59m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics2h 59m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article