The Globe and Mail reports in its Friday edition that an RBC Economics report says it is now forecasting no further cutting from the Bank of Canada in light of inflation concerns and the Canadian economy's resilience during the U.S. trade war. The Globe's Salmaan Farooqui writes that is bad news for variable mortgage holders who may have been hoping for some discounts this year. Not all economists agree with RBC, with other institutions such as Bank of Montreal forecasting as many as three rate cuts in 2025. However, Robert Kavcic, senior economist at BMO Economics, has also said that a trade deal between Canada and the U.S. that puts a stop to tariffs could indeed prompt the Bank of Canada to hold rates for the rest of the year. The U.S. and Canada have given themselves a July 21 deadline to reach a trade deal, and talks have been rocky along the way. Until we know more about the nature of a possible deal, there is a lot of uncertainty in the direction of variable mortgage rates. Consumers can access current rates from Ratehub, mortgage-rate comparison marketplace and mortgage brokerage. It helps millions of Canadians compare and obtain the best mortgage rates, credit cards, insurance, deposits and loan products.