The week’s best fixed and variable mortgage rates

The Bank of Canada kept its policy rate steady at 2.25% for the sixth straight decision, signaling no immediate shift in monetary stance. The hold is expected to keep variable rate mortgages stable for now, limiting near-term repricing pressure in household borrowing costs.

Analysis

The Bank of Canada kept its policy rate steady at 2.25% for the sixth straight decision, signaling no immediate shift in monetary stance. The hold is expected to keep variable rate mortgages stable for now, limiting near-term repricing pressure in household borrowing costs.