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Canadian Mortgage News Daily — May 14, 2021

Daily news buttletin

Here’s a daily helping of fresh Canadian mortgage news (the italics are the Spy’s 2 cents).

Reader note: RateSpy’s mortgage news is now at → RATESDOTCA.

  • Bank of Canada says complete recovery needed to withdraw support (BNN Bloomberg)
    • Don’t expect rate hikes till we regain “about 700,000 jobs,” Macklem suggests. Well, if Canada re-opens this summer and February and March are any guide, we may see that 700,000 jobs deficit made up by this time next year, possibly even by year-end.

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