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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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Wall Street Futures Ease as Strong GDP Growth Tempers Fed Cut Hopes

US stock futures dipped Tuesday morning as stronger-than-expected GDP growth raised doubts about near-term Federal Reserve rate cuts, sending the Dow, S&P 500, and Nasdaq futures slightly lower.

Market Overview

  • Dow Jones, S&P 500, and Nasdaq futures all slipped about 0.2% in premarket trading.
  • The decline comes after three consecutive winning sessions for US equities, highlighting investor caution despite recent momentum.
  • Gold and silver continued their rally, with both metals on pace for their best year in over four decades.

Economic Data Impact

  • The third-quarter GDP report showed the US economy grew at a 4.3% annualized rate, well above the 3.3% forecast.
  • Strong consumer spending drove the surprise, but analysts warn that the government shutdown likely slowed growth in the fourth quarter.
  • The data suggests economic resilience, but also reduces the likelihood of immediate Fed rate cuts, which had been priced in by markets.

Investor Sentiment

  • Traders are recalibrating expectations for monetary policy in 2026, with stronger growth signaling the Fed may keep rates higher for longer.
  • The market reaction reflects a “good news is bad news” dynamic: robust growth boosts confidence in the economy but dampens hopes for easier financial conditions.
  • Precious metals’ surge underscores investor demand for safe-haven assets amid uncertainty.
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