Bank of Canada is expected to cut rates, which could push that loonie to 65 U.S. cents, Globe and Mail reports. Reuters says the loonie hit a 14‑month low, inflation data held back further decline. The 14‑month low was recorded against the U.S. dollar. Investing.com notes Barclays sees more weakness as trade disputes and lower energy prices may sustain the downside. Yahoo Finance Canada stated BoC authorities appeared unmoved by Q1’s surprise slowdown.
CBS News lists four considerations for July mortgage rates. MarketWatch reports one analyst believes the Trump White House signaled approval for Warsh to raise rates. Reuters adds gold fell to one seven‑month low as a firmer dollar and higher rate expectations weighed on the metal. Norada advises borrowers to lock a 4% mortgage rate for 2026.