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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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Putin’s Peace Posturing Questioned After Stalled U.S. Talks


Russian President Vladimir Putin has come under renewed scrutiny following high-level discussions with U.S. officials that ended without progress toward resolving ongoing geopolitical tensions.

Diplomatic sources reported that while Putin outwardly expressed interest in peace initiatives, his actions during the talks suggested little genuine commitment to compromise. Analysts argue that the Russian leader’s approach appeared more focused on projecting an image of openness rather than engaging in substantive negotiations.

The U.S. delegation emphasized the need for concrete steps to de-escalate hostilities, but no agreements were reached. Observers note that the lack of tangible outcomes underscores the widening gap between Moscow’s rhetoric and its willingness to pursue meaningful peace efforts.

International reactions have been mixed, with some leaders calling for renewed dialogue while others warn that continued stalemates risk deepening instability.

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