Edition of May 4, 2026
Rates this week — Big 6 + Desjardins hold steady
| Institution | 5 yr fixed | 5 yr variable |
|---|---|---|
| RBC Royal Bank | 6.79% | 6.55% |
| TD Canada Trust | 6.84% | 6.60% |
| Scotiabank | 6.79% | 6.65% |
| BMO Bank of Montreal | 6.74% | 6.50% |
| … and 3 more institutions in the full edition | ||
Flat week on the 5-yr fixed — the spread between the cheapest (NBC) and the priciest (TD, CIBC) sits at 15 basis points, historically compressed. On variable, BMO continues to anchor the market low at 6.50%. If your renewal is due in the next 6 months, this is a good week to request a broker quote — not to wait for a hypothetical drop.