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Fixed vs. Variable Mortgages in Canada: Which Should You Choose Right Now?

  Mortgages | Personal Finance | June 2026 Variable rates sit at 3.30% while fixed rates have climbed above 4%. The Bank of Canada is frozen between inflation and recession. Here's what that means for your mortgage decision today. By MoneySavings.ca Staff  |   June 26, 2026 📊 Today's Best Mortgage Rates — June 26, 2026 Type Term Lowest Rate (Broker) Big Bank Range Variable 5-Year ~3.30% ~3.50–4.00% Fixed (Insured) 5-Year ~4.04% ~4.50–5.20% Fixed (Conventional) 5-Year ~3.94% Higher Bank of Canada Policy Rate 2.25%  |  Prime Rate: 4.45% Sources: NerdWallet Canada, Ratehub.ca, WOWA.ca, bestrates.ca. Rates as of June 26, 2026. Broker rates require qualification; Big Bank rates are estimates. Your actual rate depends on your credit score, down payment, and mortgage type. If you're buying a home, renewing a mortgage, or simply trying to make sense of an unusually complex rate environment, you've arrived at the right question at a complicated moment. The Canadian...

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Mark Carney: Quebec's Unlikely Contender

In the bustling political landscape of Quebec, Mark Carney has emerged as a figure who defies conventional expectations. Known for his financial acumen and international reputation, Carney's transition into politics has been met with both skepticism and intrigue. Yet, as the race intensifies, voters appear willing to give him the benefit of the doubt.

Carney's appeal lies in his ability to connect with diverse audiences, blending his expertise with a relatable demeanor. His campaign has focused on addressing economic disparities and fostering unity in a province often marked by linguistic and cultural divides. While critics question his lack of political experience, supporters argue that his fresh perspective is precisely what Quebec needs.

As election day approaches, Carney's journey serves as a reminder that in politics, adaptability and authenticity can sometimes outweigh traditional credentials. Whether he succeeds or not, his candidacy has undoubtedly added a unique dynamic to Quebec's political narrative.




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