'Hawkish' Bank of Canada Has some Economists Pulling Forward Calls for Rate Hikes

Canada's fixed-rate mortgages are still rising despite the Bank of Canada's rate hold

The Bank of Canada held its key rate at 2.25 per cent, but with fixed-rate mortgages still rising, here’s why some borrowers may consider their options.

'Hawkish' Bank of Canada has some economists pulling forward calls for rate hikes

Bank of Canada held its benchmark lending rate at 2.25 per cent on Wednesday, but economists are split on the outlook for this year. Read on

What Bank of Canada’s stand-pat decision means for bond yields, mortgages and more

Governor Tiff Macklem struck a hawkish tone in the press conference, suggesting multiple rate hikes are possible

Canada’s 4.09% Fixed Mortgage Rate Widens Gap After Bank Hold

OTTAWA, September 3, 2026, 14:50 EDT Canada's lowest advertised five-year fixed mortgage rate was 4.09% at 13:05 EDT.The comparable variable offer was 3.30%, leaving a 79-basis-point gap.Canada's five-year government yield was 3.415% at 14:46 EDT.The Bank of Canada held its policy rate at 2.25% on Wednesday. Canada's cheapest advertised five-year fixed mortgage stood at 4.09%…