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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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Gold’s Record-Breaking Rally: Why Investors Are Rushing to the Yellow Metal

 

Gold prices have soared to unprecedented levels in 2025, crossing $4,300 per ounce and marking one of the strongest rallies in decades. Several key factors are fueling this surge:

  • Economic Uncertainty: Persistent concerns over global growth, U.S. regional banking stability, and the prolonged government shutdown have driven investors toward gold as a safe-haven asset.
  • Inflation Hedge: With inflationary pressures lingering, gold remains a trusted store of value, protecting wealth against currency erosion.
  • Central Bank Buying: Central banks worldwide have been steadily increasing their gold reserves, reducing reliance on the U.S. dollar and boosting demand.
  • Geopolitical Tensions: Rising frictions between major economies, particularly the U.S. and China, have heightened investor anxiety, further strengthening gold’s appeal.
  • Weaker Dollar: A softer U.S. dollar has made gold more attractive to foreign buyers, amplifying demand.

Despite record-high prices, demand remains resilient. In markets like India, where gold is deeply tied to cultural traditions, buyers are shifting toward lighter jewelry and coins to adapt to higher costs.

Looking ahead, analysts suggest that unless global stability improves, gold’s upward momentum could continue, cementing its role as the ultimate hedge in uncertain times.


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