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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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Canada Clinches Thrilling Victory Over US in 4 Nations Face-Off Final

In an electrifying showdown, Canada triumphed over the United States with a nail-biting 3-2 victory in overtime during the 4 Nations Face-Off final on Thursday night. The match, held in Boston, was filled with tension and excitement, keeping fans on the edge of their seats until the very last moment.

Connor McDavid emerged as the hero of the night, scoring the game-winning goal at 8:18 of overtime. His goal not only sealed the victory for Canada but also showcased his exceptional skill and determination under pressure.

The intense rivalry between the two nations was evident throughout the game, with both teams delivering a performance that will be remembered for years to come. The victory marks a significant achievement for Canada, solidifying their position as a dominant force in international hockey.

Fans and players alike celebrated the thrilling win, with many calling it one of the best hockey games of the decade. The 4 Nations Face-Off tournament has once again proven why hockey is unbeatable, captivating audiences with its high-stakes drama and unforgettable moments.



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