.USD/CAD dailyUSD/CAD ended a nine-day losing streak yesterday however weak casing beginnings and also producing sales data today helped to strengthen the scenario for a fifty basis point cut following week.The Banking company of Canada is truly worried about the strength of the economy yet many of the conversation in the nation has actually been about housing as well as home loans. RBC economic expert Nathan Janzen disputes work market weak point is actually a more significant problem than the home loan renewals.Bank of Canada price decreases (75 bps until now, with much more priced in) have actually relieved stress on mortgage renewalsMany 1-3 year mortgage loans very likely to restore at lower costs adjustable rate mortgage loans actually seeing relief4-5 year preset home mortgages still experience remittance increasesTotal home loan settlement increase in 2025 estimated at simply 0.1% of family disposable incomeMeanwhile, the bob market is presenting involving indications:.Job positions down 25% y/yUnemployment fee currently above pre-pandemic levelsRBC projections unemployment to climb coming from 5% right now to 7% by very early 2025 and notes that each 1 percent point surge in lack of employment normally lowers home non-reusable profit through 0.5%.