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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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Syria and Israel to Resume Talks Amid Sweida Crisis

Syrian and Israeli officials have agreed to continue diplomatic talks aimed at de-escalating the conflict in southern Syria, according to state-run Ekhbariya TV. The discussions, mediated by the United States in Paris, come after deadly clashes in the Druze-majority province of Sweida involving Druze fighters, Sunni Bedouin tribes, and Syrian government forces.

Israel intervened with airstrikes, claiming it sought to prevent mass killings of Druze civilians. The Syrian delegation, however, blamed Israel for escalating tensions and warned against imposing new realities on the ground.

The talks were described by a diplomatic source as “honest and responsible,” marking the first official confirmation from Syria that such dialogue had taken place. U.S. envoy Tom Barrack emphasized the importance of opening communication channels and reducing hostilities, noting that both sides expressed willingness to continue negotiations.

The conflict underscores the challenges facing Syria’s interim President Ahmed al-Sharaa, who is attempting to stabilize the country amid shifting alliances and growing international involvement. While no final agreement was reached, the commitment to further dialogue signals a potential path toward easing regional tensions.



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