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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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Israel Halts Return of Thousands of Palestinians Amid Hostage Dispute with Hamas

 

In a recent development, Israel has stopped the return of thousands of Palestinians to their homes in northern Gaza, citing a violation of the ceasefire agreement by Hamas. The ceasefire, which was meant to bring peace and allow displaced Palestinians to return home, has been disrupted due to the non-release of a civilian hostage, Arbel Yehud.

According to Israeli officials, Hamas was supposed to release Yehud before freeing four female soldiers. However, Hamas did not adhere to this order, leading Israel to block the return of Palestinians until the situation is resolved. This decision has left many Palestinians stranded and uncertain about their future.

The ceasefire deal, which was brokered to end 15 months of conflict, included the release of hostages and Palestinian prisoners, as well as increased humanitarian aid for Gaza. Despite the initial hope brought by the ceasefire, the current dispute has cast a shadow over the fragile peace.

As negotiations continue, both sides remain hopeful for a resolution that will allow the safe return of displaced Palestinians and the release of all hostages. The international community continues to monitor the situation closely, urging both parties to adhere to the terms of the ceasefire and work towards lasting peace.




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