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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 Strengthens Defense with €650M Israeli Rocket Deal

A PULS multiple rocket launcher miniature and artillery rockets by Israeli Elbit Systems is exhibited at the DEFEA Defence Exhibition, in Athens.



Greece’s parliament has approved the purchase of 36 PULS (Precise and Universal Launching System) rocket artillery systems from Israel’s Elbit Systems in a deal valued at approximately €650 million ($758 million). The decision, reached late Thursday in a closed session of the Defense and Foreign Affairs Committee, marks a significant step in Greece’s ongoing military modernization program.

The PULS system is capable of firing a wide range of rockets and missiles with ranges up to 300 kilometers, offering high-precision, all-weather strike capabilities. This acquisition is expected to bolster Greece’s defense posture along its northeastern border with Turkey and enhance protection of Greek islands in the eastern Aegean.

Officials confirmed that the purchase is part of Greece’s broader €28 billion military modernization plan running until 2036, aimed at rebuilding its armed forces after the 2009–2018 financial crisis and keeping pace with Turkey’s rapid military expansion. Greece and Israel already maintain strong defense ties, including joint military exercises and an air training center in southern Greece. The two nations are also in talks to develop a €3 billion anti-aircraft and missile defense dome, further deepening their strategic cooperation.

This deal underscores Greece’s determination to strengthen its defense capabilities amid regional tensions, while also reinforcing its partnership with Israel in both military and technological domains.

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