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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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Greece Pushes Through Controversial Labour Reform Amid Strikes

Protesters gather near the Greek parliament, during a one-day strike as parliament debates a government plan to allow employers to extend working hours and other labour reforms, in Athens, Greece, October 14, 2025.


Greece’s parliament has approved a sweeping labour reform bill that allows private sector employers to extend working hours, despite widespread protests and nationwide strikes.

The legislation permits employees to work up to 13 hours a day, compared with the current eight, though the extended shifts can only be applied for up to 37 days a year. The conservative government argues the reform will modernize the labour market and boost flexibility in a struggling economy.

Unions and opposition parties, however, strongly condemned the move, calling it a rollback of hard-won workers’ rights. Thousands of demonstrators took to the streets of Athens during the vote, chanting slogans and participating in a 24-hour strike that disrupted public transport and services.

While the government insists the bill includes safeguards—such as protecting employees from dismissal if they refuse overtime—critics argue it undermines work-life balance and risks institutionalizing “hyper-exploitation.”

The reform has sparked one of the most heated labour debates in Greece in recent years, highlighting the tension between economic competitiveness and social protections.


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