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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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The Air We Breathe: Asia’s Pollution Crisis


Asia is facing a severe air pollution crisis, with rampant pollution affecting more than half of the world’s population. The air quality has deteriorated to such an extent that it is now considered unsafe to breathe. This environmental challenge has far-reaching implications, not only for public health but also for the economy and quality of life.

Key Points:

  • Widespread Impact: The pollution crisis in Asia is extensive, impacting a significant portion of the global population.
  • Health Hazards: Unsafe air quality poses serious health risks, leading to respiratory problems and other illnesses.
  • Economic Consequences: The persistent pollution can have detrimental effects on the economy, potentially hindering growth and productivity.
  • Call for Action: Addressing this issue requires urgent attention and action from governments, communities, and individuals to improve air quality and safeguard public health.
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