Robert McLister·Mortgage Rate Trends·August 19, 2009Inflation: Lowest in 56 Years at –0.9% That’s the headline inflation number from today’s CPI report. Headline inflation is a YOY figure that includes volatile food and energy prices. On the other hand, core inflation (the Bank of Canada’s key metric), is fairly buoyant at 1.8%. That’s just shy of the BoC’s 2% target. Bond yields fell on the news. The 5-year GOC yield is down to 2.49% at last look–a four week low. For trader-types, key support is around 2.40%. Yields have slowly drifted lower for the last week and a half. That may push some non-bank lenders closer to 4% again on 5-year fixed mortgages. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.