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U.S. Officials Say Iran’s New Supreme Leader Gravely Wounded Amid Escalating Conflict

Protesters hold posters of Iran's late Supreme Leader Ayatollah Ali Khamenei and his son, Iran's new Supreme Leader Mojtaba Khamenei, during a protest marking al-Quds Day (Jerusalem Day), after Friday prayers at Fatih Mosque in Istanbul. U.S. Defense Secretary Pete Hegseth has confirmed that Iran’s newly appointed Supreme Leader, Mojtaba Khamenei , was seriously wounded and likely disfigured during the opening phase of U.S. and Israeli military strikes. Speaking at a Pentagon briefing, Hegseth described Iran’s leadership as “desperate and hiding,” asserting that Khamenei has gone underground following injuries sustained in the attacks.  Reports from multiple outlets indicate that Khamenei has not appeared publicly since the conflict began, fueling speculation about the severity of his condition. Some accounts suggest he may have suffered catastrophic injuries, including the loss of a limb and a possible coma, after an airstrike that also killed members of his family.  U.S....
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Rising Mortgage Costs in Canada: Can Savings Cushion the Blow?



As Canadian homeowners brace for higher mortgage payments, the question of whether personal savings can soften the impact has become increasingly urgent.

According to recent forecasts, many borrowers will face significantly higher costs when renewing their mortgages in the next two years, as most will be renewing for the first time since interest rates began climbing in 2022. Even though the Bank of Canada has recently shifted toward modest rate cuts, average fixed and variable mortgage rates remain elevated compared to the ultra-low levels of the past decade.

For households, this means tighter budgets. A family renewing a five-year fixed mortgage could see monthly payments rise by hundreds of dollars. In this environment, savings play a critical role. Emergency funds and short-term cash reserves can provide a buffer, helping families absorb the shock of higher payments without immediately cutting back on essentials.

However, experts caution that savings alone may not be enough. With nearly 60% of mortgages set to renew soon, many Canadians will need to combine savings strategies with lifestyle adjustments—such as reducing discretionary spending, consolidating debt, or extending amortization periods—to stay financially stable.

The bottom line: while savings can buy time and flexibility, long-term resilience will depend on careful planning and adapting to a new era of higher borrowing costs.


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