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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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Grilled Moroccan Meatballs with Yogurt Sauce


Spice things up with these grilled Moroccan meatballs, seasoned with warm spices and cooled down with a creamy yogurt sauce—every bite is packed with flavor!

Ingredients:

  • 1 large egg
  • 3 garlic cloves, minced
  • 1 teaspoon ground cumin
  • 1 teaspoon ground allspice
  • ¼ cup finely chopped fresh cilantro (optional)
  • 1¼ teaspoons kosher salt
  • 1 pound ground beef
  • ½ cup panko bread crumbs
  • Oil for greasing the grill

For the Yogurt Sauce:

  • 1 cup Greek yogurt
  • ½ cucumber, peeled and finely diced
  • 1 tablespoon lemon juice
  • 1 tablespoon fresh dill, chopped
  • Salt and pepper to taste

Instructions:

  1. In a medium bowl, combine the egg, minced garlic, ground cumin, ground allspice, chopped cilantro (if using), salt, and pepper. Mix until well combined.
  2. Add the ground beef and panko bread crumbs to the spice mixture. Mix together with your hands until just combined.
  3. Use a 1/3 cup measure to portion out the meat and shape it into discs.
  4. Preheat your grill to medium-high heat and grease it well.
  5. Place the meatballs on the grill and cook for about four minutes per side, until charred and no longer pink in the center. As they cook, the centers will dome slightly, creating nicely shaped meatballs.
  6. Meanwhile, make the yogurt sauce by combining the Greek yogurt, finely diced cucumber, lemon juice, fresh dill, salt, and pepper in a small bowl. Mix to combine.
  7. Serve the grilled Moroccan meatballs over couscous, topped with the refreshing yogurt-cucumber sauce.

Enjoy this flavorful and easy-to-make dish! 

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