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Big Six Banks Raise Fixed Mortgage Rates: What Your Renewal Costs Now

  Canadian Money Brief • Mortgages Updated Saturday, October 17, 2026 If your mortgage term ends this winter, the rate you saw advertised in August is probably gone. All six of Canada’s big banks have raised fixed rates since early September, and the Bank of Canada hasn’t touched its policy rate in almost a year. That disconnect catches a lot of homeowners off guard. Your fixed mortgage rate doesn’t follow the Bank of Canada. It follows the bond market. And bond yields have been climbing on oil-driven inflation worries, which means the people feeling it first right now are the ones opening a renewal letter. The numbers at a glance Up to 0.50 pt in fixed-rate increases at the big banks in about five weeks • BoC policy rate still 2.25% • Big bank prime still 4.45% • About $110 a month more on a $400,000 balance from a half-point jump How far have the big banks moved? Depending on the term, some big bank fixed rates are up by as much as half a percentage point in roughly five week...
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Fake Goods: How to Stay Safe When Shopping Online






Fake goods are everywhere online, and they can pose a threat to your health, safety, and wallet. Experts say that you should be careful when shopping online, especially from third-party vendors or unknown sellers.

Here are some ways to avoid buying a fake:

1. Buy from a brand’s own site or an authorized seller, such as Best Buy, Macy’s, or Footlocker. These retailers have strict policies and quality control to ensure that they sell only authentic products.

2. Research the seller before you buy. You can read online reviews from other customers, visit their website, check their return policy, and look for signs of legitimacy, such as contact information, customer service, and secure payment methods.

3. Be wary of prices that are too good to be true. If a product is significantly cheaper than the market price, it may be a counterfeit. You can compare prices across different websites and check the official website of the brand for the suggested retail price.

4. Inspect the product carefully when you receive it. Look for any signs of poor quality, such as spelling errors, missing labels, wrong logos, or faulty packaging. If you suspect that you bought a fake, you should contact the seller and request a refund. You can also report the seller to the online platform or the authorities.

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