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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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Tragedy Strikes Mannheim: Car Rams Into Crowd, Leaving One Dead and Several Injured


In a shocking incident in Mannheim, Germany, a driver rammed a car into a crowd in the city's Paradeplatz area on Monday. The attack claimed the life of one individual and left several others injured. Authorities have described the situation as "life-threatening" and have urged residents to avoid the downtown area.

The suspect has been apprehended, but police have not yet disclosed whether there were additional perpetrators involved. Emergency services swiftly responded to the scene, and the Mannheim University Hospital activated its disaster and emergency plan to handle the influx of casualties. Trauma teams have been mobilized, and intensive care units have increased their capacity to accommodate the injured.

The motive behind the incident remains unclear, and investigations are ongoing. Residents have been advised to stay indoors as law enforcement continues its operations in the area.

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