The Bank of Canada's overnight rate has held at 2.25 percent through six consecutive meetings since April, but the Government of Canada 10-year bond yield has climbed 34 basis points over the same window to 3.74 percent, its highest close since May 2024. The move tracks a broader rise in long-term North American borrowing costs rather than any shift in Bank of Canada policy, meaning Canadian mortgage rates are tightening even without a central bank move.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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