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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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Global Trade Tensions Surge as Tariffs Climb to 125%


In an unexpected move, tariffs have been raised to a significant 125%, sending shockwaves across global trade markets. This steep increase has sparked intense debates among governments, economists, and businesses alike, as the implications are far-reaching.

Supporters of the hike argue that it will protect domestic industries from foreign competition, fostering local economic growth and employment. They see the move as a necessary measure in an increasingly competitive global economy.

However, critics warn of potential consequences, including higher prices for consumers, disrupted supply chains, and strained international relations. Many industries reliant on imported goods are already voicing concerns over the financial strain this decision could impose.

As the dust settles, stakeholders are left to navigate an increasingly complex trade environment. How this decision will ultimately impact global commerce remains a critical question.



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