A mortgage renewal can make a jobs report feel personal. Statistics Canada talks about employment, and suddenly you're wondering whether your next mortgage payment will leave enough room in the monthly budget. Now the report is out. Canada lost 68,000 jobs in September, and unemployment rose to 6.5%. That followed another employment decline in August, giving borrowers more evidence that the economy is slowing. Canadian bond yields edged lower again. The 10-year government bond yield slipped to about 3.9% this week. That offers some relief after the recent pressure on borrowing costs, but it doesn't mean every lender has lowered its mortgage offers.
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