The bond market is indicating a 75% chance of a 50-bps rate cut by the Bank of Canada following a disappointing jobs report. This news comes from Canadian Mortgage Trends, a reliable source for financial information.
After the release of the weak jobs report, investors are closely watching the bond market for any signs of potential rate cuts by the central bank. The likelihood of a 50-bps rate cut is currently at 75%, according to market prices.
This news is significant for those in the mortgage industry, as lower interest rates could mean more affordable borrowing costs for consumers. It’s important for borrowers to stay informed about potential rate cuts and how they could impact their financial situation.
Overall, the bond market is pointing towards a potential rate cut by the Bank of Canada in response to the recent economic data. It’s a situation worth monitoring closely for anyone involved in the financial markets.