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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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Trade Tensions Ignite Challenges for the US Dollar


The US dollar, long perceived as a symbol of strength in the global economy, is finding itself in turbulent waters. Former President Donald Trump's tariff policies, which aimed to reshape international trade dynamics, have inadvertently set off a series of economic ripples. These tariffs, targeting imports from key trading partners, sparked retaliatory measures, creating uncertainty in global markets.

The trade disputes have influenced the value of the US dollar by altering currency flows and investor confidence. While some industries saw temporary benefits from protectionist measures, others faced rising costs and disrupted supply chains, adding pressure on the domestic economy. The international response to these policies has also reshaped alliances and market relationships, further affecting the dollar's global standing.

As countries navigate this complex economic environment, the stability of the US dollar remains a central concern, highlighting the intricate link between trade policies and currency dynamics. The ongoing trade turmoil serves as a reminder of the delicate balance required in global economic strategy.



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