Fair points and I stand corrected in some of my wording. But that still doesn't explain why rates have "mostly peaked". It is equally possible that we are nowhere near the peak.

Many infatuationary pressures have eased. I could write a bunch of things here, but you'd get a better look if you googled on why the bank of canada has eased off a bit on rate increases.

Of course, the future is an unknown, but inflation is about half what it was a year ago.

Heck, there has been some talk of deflation! A lot of stuff peaked due to supply, and those prices could drop dramatically.

I speculate that we will be seeing more hikes. But I have been wrong before :)

That's why I said "mostly peaked". But rather than large jumps every announcement, I suspect we'll skip some, and only have small, quarter point corrections. Maybe one in October, and in the spring.

This indicates a soft landing, but I agree, we'll see. Anything could happen.