
Interest Rates
The latest in interest rate movements, developing trends and future rate expectations. We regularly monitor bond yields and the impact on fixed mortgage rates, and well as Bank of Canada guidance and market forecasts on where variable rates are headed.


Canadian fixed mortgage rates are dropping as U.S. tariffs shake markets
Canada’s 5-year bond yield has fallen to its lowest level since June 2022, following fresh concerns over economic uncertainty and global trade tensions.

Bank of Canada cut will prompt lower variable mortgage rate costs: Ratehub
Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.

Whiplash in Canada’s bond market signals rate roller-coaster ahead, experts say
When it comes to predicting mortgage rates, the only thing Canada’s mortgage experts are certain of right now is that nothing is certain.

Bank of Canada rate hikes in 2026? National Bank thinks so.
Just when Canadians thought Bank of Canada rate hikes were behind us, one major bank is now forecasting their return as early as next year.

60% of Canadian mortgage renewals to face higher rates by 2026: BoC
Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.

U.S. Fed minutes signal cautious approach to rate cuts, January pause likely
The Federal Open Market Committee’s (FOMC) latest minutes from its December 17-18 meeting reveal a more cautious approach to rate cuts, reinforcing expectations that the central bank will pause its rate cuts in January.

Housing and interest rate forecasts for 2025
As we reflect on 2024, it was a year of resilience and adjustment for Canada’s housing and mortgage market, marked by the Bank of Canada’s pivot to rate cuts after two years of relentless hikes, offering long-awaited relief to borrowers.

Fed minutes spark market turmoil: Making sense of it and why Canadian mortgage rates are likely to rise
I thought it would be really hard to top Monday’s chaotic events in Parliament, but it looks like I was wrong. Today at 2 p.m.,

Bond market bets on 50-bps Bank of Canada rate cut next week after rise in unemployment
Observers say that if there’s one economic indicator likely to be concerning Bank of Canada officials, it’s the higher-than-expected rise in Canada’s unemployment rate last month.”