Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Mortgage calculator (Karen Roach/iStockphoto)
Mortgage calculator (Karen Roach/iStockphoto)

Big Canadian banks raise mortgage rates Add to ...

Several Canadian banks raised their posted rates for closed, fixed rate mortgages by up to 0.35 of a percentage point, effective Wednesday.

Bank of Nova Scotia , Canadian Imperial Bank of Commerce and Bank of Montreal all raised their five-year closed rate by that amount.

Increases for other mortgages ranging from one year to 10 years ranged from no change to 0.35 of a percentage point.

The change follows a similar move last week by the Royal Bank of Canada to raise rates.

Report Typo/Error

More Related to this Story


Next story




Most popular videos »

More from The Globe and Mail

Most popular