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Economics3h 7m ago
Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.
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Canada, United States, Ontario
Who
Robert McLister, Financial Times, Barbara Shecter, Joe O'Connor, Gabriel Friedman
What
Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.
When
Fri, 12 Jun 2026 17:31:11 GMT · 3h 7m ago
Where
Canada, United States, Ontario ·
Why
Optimism that Iranians will sign onto the United States peace proposal has knocked WTI crude down more than seven per cent since Monday.
The Frontline Impact
How this affects you
Falling oil prices and a decline in US inflation expectations could lead to modest fixed-rate mortgage relief in Canada, impacting borrowers considering both fixed and variable rates.
Story chain
6 events in this thread- Economics3h 7m 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
- Economics3h 7m 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.Open article
- Economics3h 7m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics3h 7m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Currently Reading3h 7m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.
- Economics3h 7m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article