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Economics2h 58m 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 · 2h 58m ago
Where
Canada ·
Why
Optimism about a United States peace proposal with Iran 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
A decrease in WTI crude prices and long-term U.S. inflation expectations has pushed Canada’s five-year government yield to a seven-week low, which could lead to modest fixed-rate mortgage relief for Canadian borrowers.
Story chain
6 events in this thread- Economics2h 58m 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
- Economics2h 58m 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
- Economics2h 58m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics2h 58m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Economics2h 58m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.Open article
- Currently Reading2h 58m agoOil is still steering the near-term direction of Canadian mortgage rates due to its inflation threat.