Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Wall Street Drifts to a Mixed Close, Nasdaq Notches Another Record

U.S. stock indexes experienced a mixed finish today, with the Nasdaq composite reaching another record high. Here are the key highlights:

  1. S&P 500 and Nasdaq Performance:

    • The S&P 500 slipped 0.3%, with approximately 80% of stocks in the benchmark index declining.
    • The Nasdaq remained mostly unchanged, despite the overall market weakness, as of 12:27 p.m. Eastern.
    • Both the S&P 500 and Nasdaq had set record highs in previous sessions.

  2. Corporate News:

    • General Motors (GM) rose 1.1% after announcing a $6 billion stock buyback.
    • Apple (AAPL) gained 5.9%, driven by its focus on artificial intelligence technology.
    • Affirm Holdings (AFRM) rose 4.6% due to integration into Apple Pay.

  3. Interest Rate Decision Ahead:

    • The Federal Reserve’s interest rate policy decision is expected this week.
    • Policymakers will release their latest forecasts on interest rates and the economy.
    • Wall Street anticipates one or two rate cuts this year.

  4. Inflation Reports:

    • On Wednesday, the U.S. will release updates on consumer-level inflation.
    • The government’s consumer price index is expected to remain unchanged at 3.4% in May.
    • The Fed aims to manage inflation back to its target rate of 2%.

  5. Market Outlook:

    • Wall Street remains cautious, balancing economic recovery and inflation concerns.
    • Analysts await the Fed’s guidance on interest rates and economic projections.

In summary, today’s market saw mixed results, but the Nasdaq continued its upward trend. Investors closely watch inflation data and the Fed’s next move.

Labels:

Comments

Post a Comment