Courteo newsletter · Edition 2026-W18
Rates this week — Week of April 27, 2026
Rates this week — BoC holds at 4.75%
Sent on May 1, 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% | 6.60% |
| TD Canada Trust | 6.89% | 6.65% |
| Scotiabank | 6.84% | 6.70% |
| BMO Bank of Montreal | 6.79% | 6.55% |
| CIBC | 6.89% | 6.65% |
| National Bank | 6.74% | 6.50% |
| Desjardins | 6.79% | 6.60% |
Variable of the week — Bank of Canada
Active policy rate
4.75%
Decision this week
Hold (no change)
Analytical takeaway
Expected decision: the Bank of Canada keeps its policy rate at 4.75%. No signal of a June cut — the statement remains cautious on services inflation. Practical impact: the 5-yr variable caps around 6.50-6.65% and has no reason to move before the next announcement. If you're weighing fixed vs variable, the spread stays thin (~15 bps).
To go further
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