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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 Secures $350 Billion Investment Deal with South Korea Amid Asia Tour

President Donald Trump meets with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) leaders' summit in Gyeongju.

During the final leg of his Asia tour, President Donald Trump announced a major trade breakthrough with South Korean leadership, finalizing a deal aimed at easing tensions over U.S. tariffs and boosting American economic interests.

At a summit held in Gyeongju, South Korea, Trump confirmed the agreement during a dinner with regional leaders, stating, “We made our deal, pretty much finalized it.” The deal involves South Korea committing to $350 billion in new investments in the United States. In return, Seoul will avoid the harshest U.S. tariffs on its exports.

The announcement comes amid broader diplomatic efforts, with Trump also preparing for a high-stakes meeting with Chinese President Xi Jinping to discuss trade tensions and regional security. The Asia-Pacific Economic Cooperation (APEC) forum served as the backdrop for these negotiations, highlighting the strategic importance of economic diplomacy in the region.

Trump’s visit to South Korea followed stops in Malaysia and Japan, and was marked by a ceremonial welcome in Busan, complete with a cannon salute and brass band performance. The summit also took place shortly after North Korea test-fired a nuclear-capable cruise missile, adding urgency to the regional discussions.

This trade deal is seen as a significant step toward stabilizing U.S.-South Korea economic relations and could set the tone for future negotiations with other Asian partners. As Trump departs for Washington, the finalized agreement signals a moment of cooperation amid a complex geopolitical landscape.



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