The Globe and Mail reports in its Friday, Sept. 19, edition that the Bank of Canada has finally delivered another interest-rate cut -- its first since March -- and variable-rate mortgages are looking a little more attractive as a result. The Globe's Salmaan Farooqui writes that the lowest available five-year variable-rate mortgages are about a quarter-point cheaper than the lowest available five-year fixed-rate loan. Moreover, financial markets currently expect one or two more rate cuts between now and the end of 2026. Markets are also currently pricing in a 43-per-cent chance that the central bank will lower its benchmark rate again when it convenes on Oct. 29. Meanwhile, fixed rates remained steady this week. Such mortgages are affected by bond yields rather than the Bank of Canada's policy rate. Ron Butler, the founder of Butler Mortgage in Toronto, said fixed rates dropped slightly earlier this month when the Canada five-year bond yield dropped to 2.7 per cent. Recent drops in bond yields have been attributed to higher market expectations of lower interest rates in the future.