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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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Bat Cupcakes

 

Ingredients:

  • Chocolate Cupcakes: You can use homemade or store-bought.
  • Chocolate Frosting: Homemade or store-bought.
  • Candy Googly Eyes: Found in the baking section of most grocery or craft stores.
  • Mini Oreos: For the bat’s face.
  • Regular Oreos: Split and broken in half to create the bat wings.

Instructions:

  1. Frost the Cupcakes: Pipe a generous layer of chocolate frosting on each cupcake.
  2. Prepare the Bat Wings: Twist apart regular-sized Oreos and scrape off the filling. Break each half into two pieces to create wings.
  3. Make the Bat Faces: Dab two small dots of frosting onto each mini Oreo and press a candy googly eye onto each dot.
  4. Assemble: Insert two Oreo wings into the frosting at the top of each cupcake. Place a mini Oreo with googly eyes in front of the wings to create the bat’s face.

Happy baking! 🧁🦇

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