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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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Fortress Washington: White House Unveils Sweeping Security Overhaul

                            FBI agents, amongst others, will be tasked to keep the streets of Washington D.C. safe

In a bold move signaling heightened concerns over national security, the White House has announced plans to dramatically increase protective measures across Washington, D.C., effectively transforming the capital into a fortified zone.

The initiative includes expanding surveillance networks, reinforcing physical barriers around key government buildings, and increasing the presence of federal law enforcement. Officials say the plan is a response to evolving threats, both foreign and domestic, and aims to safeguard the nation's political infrastructure.

Critics argue that the measures risk turning the symbolic heart of American democracy into a closed-off stronghold, potentially alienating citizens and stifling public access. Civil liberties groups have raised concerns about transparency and oversight, warning that such sweeping changes could erode trust between the government and the public.

Supporters, however, point to recent security breaches and global instability as justification for the overhaul. “We must adapt to the realities of the modern threat landscape,” said one senior official. “Protecting our institutions is not optional—it’s essential.”

As plans move forward, the debate continues: how to balance security with openness in a city that represents both power and the people.


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