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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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UK’s Hidden Lifeline: Secret Afghan Relocation Scheme Unveiled After Data Breach

In a dramatic revelation, the United Kingdom has disclosed the existence of a covert relocation program for thousands of Afghan nationals following a major data breach that exposed sensitive personal information. The breach, which occurred in early 2022, compromised the identities of over 33,000 Afghans who had applied for asylum under the Afghan Relocations and Assistance Policy (ARAP), many of whom had supported British forces during the war in Afghanistan.

The Ministry of Defence only became aware of the breach in August 2023, when portions of the dataset surfaced on Facebook. Fearing Taliban reprisals, the government swiftly obtained a superinjunction to suppress public knowledge of the incident and launched the Afghanistan Response Route (ARR), a secret scheme to relocate those at highest risk.

As of May 2025, more than 16,000 individuals affected by the breach have been relocated to the UK, with an estimated 4,500 currently in Britain or in transit. The program’s cost has already reached £400 million, with projections suggesting the total could climb into the billions due to legal challenges and compensation claims.

Defence Secretary John Healey issued a formal apology, acknowledging the gravity of the breach and the extraordinary secrecy surrounding the response. The superinjunction was lifted in July 2025, allowing public scrutiny of the government's actions and the financial and humanitarian implications of the covert operation.

The incident has sparked debate over data security, transparency, and the UK’s obligations to those who risked their lives in support of British missions abroad.

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