Canada's Mortgage Rates UP on US Deficit Showdown

#CanadaMortgageRates #bankofcanada #canadianrealestate Canadian mortgage borrowers will keep feeling the impact of government spending unless action is taken — according to a new report in the Financial Post. Links: Canada's Economy and a Trump Election: "Start Preparing": https://youtu.be/7mAZKmUMltQ Bond yields rise on deficit concerns as stocks decline: https://www.bnnbloomberg.ca/video/shows/the-open/2025/05/21/bond-yields-rise-on-deficit-concerns-as-stocks-decline/ Federal debt isn't some abstract, distant problem, as mortgage borrowers may soon find out: https://financialpost.com/real-estate/mortgages/federal-debt-isnt-some-abstract-distant-problem-as-mortgage-borrowers-may-soon-find-out Who's afraid of the big bad variable rate mortgage?: https://financialpost.com/real-estate/mortgages/whos-afraid-big-bad-variable-rate-mortgage U.S. 10 Year Treasury Note: https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx Is a summer rebound ahead for Canada's housing market?: https://www.mpamag.com/ca/mortgage-industry/market-updates/is-a-summer-rebound-ahead-for-canadas-housing-market/536278 Why Canadian fixed mortgage rates are rising again: https://www.canadianmortgagetrends.com/2025/05/why-canadian-fixed-mortgage-rates-are-rising-again/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Canada 5 Year Government Bond: https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx CREA Predicts 2025 Will Be A "Slam Dunk" For Home Sales, Despite Slow July: https://storeys.com/canadian-housing-market-data-july-slam-dunk/ Trump's $4 trillion deficit bomb: https://www.axios.com/2025/05/21/trump-tax-cuts-budget-deficit-debt The budget will balance itself: https://www.youtube.com/watch?v=5VgNEsWx9pI&t=8s Walmart Becomes Biggest Retailer Yet to Pass Through Tariff Price Increases: https://www.wsj.com/business/retail/walmart-wmt-q1-earnings-report-stock-2026-b978bcf5 GOP tax bill on track to add more than $2.5 trillion to U.S. deficit: https://www.washingtonpost.com/business/2025/05/15/gop-tax-deficit-bill/ Moody’s downgrade of the U.S. credit rating and the rising term premium: https://realeconomy.rsmus.com/moodys-downgrade-of-u-s-debt-and-the-rising-term-premium/ Bessent Emerges as Wall Street Man-of-the-Hour Trade Negotiator: https://www.bloomberg.com/news/articles/2025-04-10/bessent-emerges-as-wall-street-man-of-the-hour-trade-negotiator Posthaste: Stressed-out bond markets forced Trump into tariff U-turn. Could it happen again?: https://financialpost.com/news/bonds-stock-markets-trump-tariff-flip-flop Bond Vigilantes Make Their Presence Known at the White House: https://www.bloomberg.com/news/newsletters/2025-04-10/bond-vigilantes-make-their-presence-known-at-the-white-house US credit rating downgrade could add to pressure on government debt: https://www.theguardian.com/us-news/2025/may/18/us-credit-rating-downgrade-could-add-to-pressure-on-government-debt The U.S. dollar’s “exorbitant privilege” remains: https://www.policycenter.ma/publications/us-dollars-exorbitant-privilege-remains Government of Canada bonds outstanding by currency of payments (formerly K8): https://www.bankofcanada.ca/rates/banking-and-financial-statistics/bonds-outstanding-by-currency-of-payments-and-issuers-formerly-k8/ What is the national debt?: https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ Default and the International Role of the Dollar: https://wifpr.wharton.upenn.edu/wp-content/uploads/2021/10/2012-Default-and-the-International-Role-of-the-Dollar-1.pdf?utm_source=chatgpt.com Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.