What's Going On With Mortgage Rates? It's NOT What We Expected

Since the first Bank of Canada Rate Cut is on the horizon for sometime this year

If this was a normal environment for Fixed Mortgage Rates we should see a gradual drop in Rates starting now but we DON'T

2/

NEW: Man with a suspended license joins court Zoom call while driving in his car.

This is the funniest video I've seen in a long time.

Judge Cedric Simpson can be seen dumbfounded after defendant Corey Harris dialed into the meeting from his car.

Simpson: 'Mr. Harris, are

WOW! This is the same active region that caused those aurora a few weeks ago. It’s finished rotating around the back of the sun and ready to cause some havoc again!

This is the aftermath of yesterday’s X class flare.

I recently got to visit some Apple labs where they durability test new iPhones before they come out, and learned a few things (🧵THREAD)

#1: Have you actually seen how they water test phones for IP ratings? (video)

Akio Toyoda will go down as the greatest unrecognized business genius of our time:

• Made Toyota the #1 brand in the world.
• Stuck to a hybrids-first strategy - even when facing internal pressure.
• Forced to resign while his successor promised to execute his strategy.
•

🇨🇦Canada post lost 3B dollars in the last 6 years while the package delivery business is soaring.

Why? In their own words they are uncompetitive.

They will be out of money by early 2025!

So what’s the Federal Gov going to do with 72,000 employees in a rapidly dying

Maybe $200M Of Lender's Money Gone: What Will Happen To The Mortgage Broker? Maybe Nothing

Claire Drage, the Mortgage Brokerage Owner who promoted over $200M worth of Promissory Notes to Private Lenders has not renewed her Mortgage License & her Brokerage website is shut

2/

In April, CNN journalists were led to the 'home' of Haitian gang lord Vitel’homme Innocent and interviewed him. He is on FBI Most Wanted's Top 10, with a bounty of up to $2 million.

I mapped their drive and found his home here: 18.5278, -72.2314. Here's how👇🧵

I've seen miles of train graffiti but I've never seen anything like this..

This is kind of peak Elon. The cars don't drive themselves, there is no real hyperloop, it's not even a train. From an efficiency standpoint, a moving walkway would probably provide better mobility per hour. But that's not the point - it is cool.

We are in the midst of a 'total loss' epidemic.

More than *20%* of vehicles are now declared a write-off by insurers after examining claims.

That's around *five* times higher than in 1980.

But why?

One big reason is that the cost of vehicle repairs has increased by almost 50%

My latest, on the ongoing travesty at the Canada Pension Plan Investment Board: Eighteen years and $46-billion later, the CPP admits it could have earned more just by buying index funds theglobeandmail.com/opinion/articl…

Canadian Bank Regulator OSFI Warns Risks In Huge Mortgages, High Rates & Renewal Shock: Also Water Is Wet

WTF is going on here? The Bank Regulator decides this week is the time to report on what X has been posting about for 2 years?

BTW, OSFI has doubled their workforce

2/

Trudeau cabinet withholding documents on foreign interference from inquiry theglobeandmail.com/politics/artic…

There is a *ton* of untapped potential for EV repair across the car industry.

Recent data from Cox Automotive shows EV repair orders cost *160%* more than gas-powered cars, on average.

A big reason for the difference in cost?

Recall work and expensive warranty repairs.

But

One of the biggest problems in Canada is that financial literacy is so low. People don't understand inflation. We should enhance the curriculum to include basic economic literacy and enough basic knowledge of assets so that people are empowered and understand how to build for

Been trying for years to get a family doctor. Literally haven’t had a doctor since my last child was born.

Basically i only got a doctor cuz i was pregnant. everywhere I’ve applied since, has told me the same thing.

we have such an aging population that there aren’t enough

Canada is seeing one of the worst standard-of-living declines in 40 years blogto.com/city/2024/05/s…

The S&P 500 🇺🇸 has doubled over the last 5 years.

Sustainable? 🤔

Why does this union leader tweet so much about Gaza, and so little about wages? theglobeandmail.com/business/comme…