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How much will variable mortgage rate-holders feel interest rate cut? - Canada TonightExplore current RBC mortgage rates, including fixed rates, variable rates, and special offers. Compare Canada's best mortgage rates in one place. We source rates from banks and mortgage brokers each day so you can find the best current mortgage rates. In April , for example, year mortgages were available in Canada with an interest rate of %, while five-year mortgages were at %.