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Economics4h 17m ago
Markets 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.
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Canada, United States
Who
markets, Robert McLister
What
Markets 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.
When
Fri, 12 Jun 2026 17:31:11 GMT · 4h 17m ago
Where
Canada, United States ·
Why
Optimism about a peace proposal involving Iran has caused a drop in WTI crude prices, leading to a decline in long-term U.S. inflation expectations and Canada's five-year government yield.
The Frontline Impact
How this affects you
A drop in oil prices and U.S. inflation expectations has pushed Canada's five-year government yield to a seven-week low, potentially leading to modest fixed-rate mortgage relief for Canadian borrowers.
Story chain
6 events in this thread- Currently Reading4h 17m 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.
- Economics4h 17m 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
- Economics4h 17m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics4h 17m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics4h 17m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics4h 17m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article