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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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Intensified Conflict: Airstrikes Hit Beirut as Israel Expands Gaza Operations

 

In the early hours of Thursday, several large airstrikes targeted the southern suburbs of Beirut, including a site near Lebanon’s only international airport. The Israeli military had issued an evacuation notice for the area, citing the presence of Hezbollah facilities.

Simultaneously, Israel has expanded its ground operations in northern Gaza, focusing on Beit Lahiya, a town heavily bombed since the conflict began. This escalation follows a month of intense military actions that have resulted in significant casualties on both sides.

Hezbollah’s leader, Naim Kassem, stated that the group is open to cease-fire negotiations only if Israel halts its aggression. The conflict, which started over a year ago, has seen over 3,000 deaths and thousands more injured in Lebanon alone.

The international community continues to call for a diplomatic resolution, with France’s Foreign Minister urging for immediate action towards peace. As the situation develops, the humanitarian crisis deepens, with civilians bearing the brunt of the ongoing violence.



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