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Elon Musk's influence looms large in the upcoming gubernatorial races in Virginia and New Jersey, as Democrats aim to tie Republican candidates to his unpopular policies and the fallout from his Department of Government Efficiency initiative. Following a significant defeat in Wisconsin, where Musk-backed candidates faltered, Democrats are leveraging Musk's declining popularity to sway suburban swing voters and federal workers. With gubernatorial elections set for November 4, both parties are strategizing on how to navigate Musk's controversial image amidst a backdrop of federal job cuts and budget reductions.
Despite a drop in bond yields, major Canadian banks, including CIBC, Royal Bank, and TD, have raised fixed mortgage rates by 15-35 basis points. Experts suggest this counterintuitive move reflects lenders' responses to previous yield increases and a shift in borrower preferences towards variable rates, potentially leading to future rate wars if bond yields stabilize. Seasonal trends also play a role, as banks typically increase rates in December after ending marketing campaigns.
Dave LaRock
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
musk's declining popularity poses challenges for republicans in upcoming gubernatorial races
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04:32 02.04.2025
Big Banks Raise Fixed Mortgage Rates Despite Declining Bond Yields
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