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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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Sudan's Famine Crisis Worsens Amid Ongoing Conflict

 

War-hit Sudan is sliding deeper into a famine crisis, with worsening starvation and a surge in acute malnutrition, according to an independent group of food security experts. The Integrated Food Security Phase Classification (IPC) has identified famine in five areas, including the Zamzam camp in North Darfur, where about half a million people are taking refuge. The crisis has been exacerbated by a 20-month civil war between the military and the paramilitary Rapid Support Forces (RSF), which has led to one of the world's worst humanitarian crises.

The IPC report highlights that 24.6 million people, about half of Sudan's population, urgently need food aid. The conflict has severely disrupted farming activities, resulting in farmers abandoning their crops and widespread looting. The situation is particularly dire in Darfur and South Kordofan, where violence has led to scores of civilian casualties and displacement.

The Sudanese government has suspended its cooperation with the IPC, accusing it of issuing unreliable reports. However, the IPC warns that without an end to the conflict, the situation could worsen, with famine potentially spreading to additional areas.

The international community continues to call for urgent humanitarian aid and a peaceful resolution to the conflict to prevent further suffering and loss of life.




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