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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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Western Discontent Rises Following Liberal Election Victory

In the wake of the recent Liberal election victory, political tensions in Western Canada have intensified. Many Albertans and Saskatchewanians feel increasingly alienated from Ottawa, citing concerns over federal policies that they believe undermine their economic interests. 

Premier Danielle Smith has been vocal about the need for a "reset" in relations between Alberta and the federal government. She has called on Prime Minister Mark Carney to address key issues, including energy development and emissions regulations, warning that failure to do so could lead to a national unity crisis. 

The sentiment of Western alienation is not new, but recent political developments have reignited discussions about secession. Some groups are advocating for a referendum on Western independence, arguing that the region contributes more to Canada’s economy than it receives in return. 

As the new government settles in, the challenge will be to bridge the growing divide between Ottawa and the West. Whether Carney can successfully engage Western leaders and address their concerns remains to be seen, but the stakes for national unity have never been higher.

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