Jun 4, 2026
Bank of Canada holds the overnight rate
The Bank kept its policy rate unchanged, citing easing inflation and a softening labour market. Variable-rate holders see no change to prime; fixed rates continue to track bond yields.
Rate updates
What's moving Canadian rates
Plain-language commentary on the forces behind today's rates - the policy rate, bond yields, and what it means for your mortgage.
Live Bank of Canada data · as of 2026-07-15.
Latest
Recent rate updates
May 21, 2026
Fixed rates ease as bond yields slip
5-year Government of Canada bond yields drifted lower through May, giving lenders room to trim 5-year fixed offers. A good window for buyers locking a rate hold.
May 7, 2026
What the spring market means for your renewal
With a wave of 2021 mortgages renewing this year, many Canadians face higher payments. Switching lenders at renewal - rather than auto-renewing - is often worth the paperwork.
Commentary is illustrative and for general information only - not financial advice. Rates are subject to change without notice.
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