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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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U.S. Greenlights Covert CIA Operations in Venezuela Amid Rising Tensions

                                           Experts say Trump and Maduro are far from reaching an agreement. 

President Donald Trump has confirmed that he has authorized the Central Intelligence Agency to conduct covert operations in Venezuela, a move that significantly escalates Washington’s pressure campaign against President Nicolás Maduro’s government.

The directive, first reported by The New York Times, outlines a strategy that U.S. officials say is aimed at removing Maduro from power. Trump cited two main reasons for the authorization: the alleged migration of Venezuelan prisoners into the United States and the flow of narcotics from the South American nation.

The administration has also offered a $50 million reward for information leading to Maduro’s arrest on drug trafficking charges. Reports suggest the CIA now has expanded authority to carry out lethal operations in Venezuela and across the Caribbean region.

Maduro, appearing on national television, denounced the move as an attempted coup orchestrated by Washington. “No to regime change that reminds us of the failed wars in Afghanistan, Iraq, Libya,” he declared, urging Latin America to resist foreign intervention.

The announcement comes amid heightened military activity in the Caribbean, where U.S. forces have already conducted strikes on Venezuelan vessels accused of drug trafficking. Analysts warn that the decision could push the U.S. and Venezuela into a deeper confrontation, with regional stability hanging in the balance.


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