The popularity of fixed mortgage rates in 2019 was unmistakable. But the Bank of Canada may have moved the needle for variable rates with its comments Wednesday.

Below are the week’s top 10 statements from the BoC, all of which will be of interest to any serious rate watcher.

The below quotes come from Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins. Our take in italics:

The Door is Open to Rate Cuts, Says BoC