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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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Trump Picks John Breslow as Next U.S. Ambassador to Cyprus

 

                                            United States President Donald Trump

United States President Donald Trump has nominated John Breslow, a businessman and former Nebraska state auditor, to serve as the next U.S. ambassador to Cyprus. Breslow, originally from Arizona, will need Senate confirmation before officially assuming the post in Nicosia .

If confirmed, Breslow will succeed Julie Davis, who left Cyprus in May to become the U.S. chargé d’affaires in Ukraine. Davis had served in Nicosia since February 2023 and continued to represent the embassy at public events even after her reassignment.

Breslow brings both political and business experience to the role. He previously owned Linweld, an industrial gas and welding supply company, and served two terms as Nebraska’s state auditor. He has also been active in philanthropy and Republican Party politics.

The nomination underscores Washington’s ongoing engagement with Cyprus, a strategically important partner in the Eastern Mediterranean. The Senate will now review Breslow’s candidacy, with a committee hearing and majority vote required before he can officially take up the ambassadorship.


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