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With the CUSMA trade talks collapsing and the Bank of Canada holding steady, a lot of people assume all interest rates are moving in the same direction — they're not. What most people don't realize is that your variable rate and your fixed rate follow two entirely different sets of forces, and right now those forces are pointing different ways. I broke down both stories — the Bank of Canada's next move and what's actually driving bond yields after the trade breakdown — so you can make sense of the headlines.


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