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Economics3h 1m ago
Oil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.
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Canada
Who
Robert McLister
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 1m ago
Where
Canada ·
Why
A burst of optimism from markets betting Iranians will sign onto the United States peace proposal has knocked WTI crude down more than seven per cent since Monday, combined with 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, potentially leading to some modest fixed-rate relief for Canadian mortgage holders if these levels are maintained or decreased further.
Story chain
6 events in this thread- Economics3h 1m 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 1m 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
- Currently Reading3h 1m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.
- Economics3h 1m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics3h 1m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics3h 1m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article