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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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Diplomatic Push in Beirut Amid Rising Tensions Between Israel and Hezbollah


A high-stakes diplomatic effort unfolded in Beirut on Monday as U.S. envoy Thomas Barrack met with Lebanese officials to discuss a proposal aimed at disarming Hezbollah. The visit came just hours after Israel intensified its military campaign with fresh airstrikes and a cross-border ground assault targeting the Iran-backed group.

The U.S. plan, first presented in June, proposes that Hezbollah fully disarm within four months in exchange for the withdrawal of Israeli forces from southern Lebanon and a halt to Israeli air raids. Lebanese leaders have formed a committee to draft a formal response, while Hezbollah is expected to submit its feedback through Parliament Speaker Nabih Berri.

Hezbollah, still reeling from last year’s devastating war with Israel, has reportedly rejected any further disarmament unless Israeli troops fully withdraw and cease targeting its members. The group has already handed over several weapons depots to the Lebanese army under a U.S.-brokered truce, but insists that continued Israeli occupation violates the agreement.

Barrack expressed optimism after receiving Lebanon’s official response, calling it “spectacular” and signaling Washington’s readiness to support Lebanon’s political and economic recovery.

The outcome of these talks could reshape the fragile balance in the region, where the line between diplomacy and escalation remains razor-thin.

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