.USD/CAD dailyUSD/CAD ended a nine-day losing streak the other day yet weak housing starts and also producing purchases records today assisted to solidify the scenario for a 50 basis aspect reduced following week.The Financial institution of Canada is rightfully worried about the stamina of the economy yet many of the discourse in the nation has been about housing as well as home loans. RBC financial expert Nathan Janzen contends work market weak spot is a better concern than the home loan renewals.Bank of Canada rate decreases (75 bps thus far, along with so much more priced in) have eased stress on home loan renewalsMany 1-3 year home loans likely to renew at reduced costs changeable price mortgage loans presently observing relief4-5 year preset home mortgages still deal with repayment increasesTotal home mortgage repayment rise in 2025 estimated at merely 0.1% of house non reusable incomeMeanwhile, the bob market is actually presenting involving signs:.Job positions down 25% y/yUnemployment price right now over pre-pandemic levelsRBC projections unemployment to increase coming from 5% currently to 7% by very early 2025 and also takes note that each 1 percentage point growth in joblessness generally lowers household disposable income through 0.5%.