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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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Trump's AI-Generated Pope Image Sparks Controversy Online

 

Former U.S. President Donald Trump has once again stirred debate after posting an AI-generated image of himself dressed as the Pope. The image, which first appeared on Trump's Truth Social account and was later shared by the official White House social media account, has drawn mixed reactions from the public and religious communities.

The timing of the post has added to the controversy, as it comes just days before the Vatican's conclave to elect a new Pope following the passing of Pope Francis. Many Catholics and religious leaders have criticized the image, calling it disrespectful and inappropriate during a period of mourning. The New York State Catholic Conference, which represents bishops in New York, condemned the post, stating, "There is nothing clever or funny about this image, Mr. President. We just buried our beloved Pope Francis and the cardinals are about to enter a solemn conclave to elect a new successor of St. Peter. Do not mock us".

Trump, who attended Pope Francis' funeral in Rome last week, has previously joked about wanting to be Pope, further fueling reactions to the AI-generated image. While some of his supporters defended the post as a harmless joke, others saw it as another example of Trump's unconventional approach to public discourse.

The Vatican has declined to comment on the image, and discussions continue online about the implications of AI-generated content in political and religious spaces. As the conclave approaches, the controversy surrounding Trump's post remains a hot topic of debate.

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