Courteo newsletter · Edition 2026-W17
Rates this week — Week of April 20, 2026
Rates this week — BMO trims variable by 5 bps
Sent on April 24, 2026
Big 6 + Desjardins rates
Posted rates published this week. Negotiated rates via a broker are typically 0.40 to 0.70% lower.
| Institution | 5 yr fixed | 5 yr variable |
|---|---|---|
| RBC Royal Bank | 6.84% | 6.65% |
| TD Canada Trust | 6.89% | 6.70% |
| Scotiabank | 6.89% | 6.75% |
| BMO Bank of Montreal | 6.79% | 6.55% |
| CIBC | 6.89% | 6.70% |
| National Bank | 6.79% | 6.55% |
| Desjardins | 6.84% | 6.65% |
Variable of the week — Bank of Canada
Active policy rate
4.75%
Decision this week
No meeting this week
Analytical takeaway
Isolated move: BMO trims 5 basis points on its 5-yr variable, going from 6.60% to 6.55%. The other Big 6 did not follow this week. That's the kind of adjustment that typically spreads within 2-3 weeks if the bond market stays calm. On fixed, complete standstill — no bank moved.
To go further
Recommended Courteo resource for this edition:
Read the posted vs negotiated rate methodology →