Courteo newsletter · Edition 2026-W19
Rates this week — Week of May 4, 2026
Rates this week — Big 6 + Desjardins hold steady
Sent on May 8, 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 | 6.79% | 6.55% |
| TD Canada Trust | 6.84% | 6.60% |
| Scotiabank | 6.79% | 6.65% |
| BMO Bank of Montreal | 6.74% | 6.50% |
| CIBC | 6.84% | 6.60% |
| National Bank | 6.69% | 6.45% |
| Desjardins | 6.74% | 6.55% |
Variable of the week — Bank of Canada
Active policy rate
4.75%
Decision this week
No meeting this week
Analytical takeaway
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.
To go further
Recommended Courteo resource for this edition:
How to read the posted / negotiated spread →