
Canada just crushed job expectations with 60,400 new positions when economists predicted only 5,000, and the fallout is already reshaping mortgage rate predictions for the rest of 2024. In this episode, we break down why the October 29th rate cut odds plummeted from 70% to 53% overnight, why the Bank of Canada just admitted their inflation measurement framework is fundamentally flawed, and what this means for your variable versus fixed mortgage decision right now.