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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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Washington Halts Tech Pact, US-UK Ties Tested

 


Tensions have surfaced in the transatlantic partnership as Washington announced the suspension of a key technology agreement with the United Kingdom. The deal, which had been hailed as a cornerstone of future cooperation in digital innovation and cybersecurity, is now on hold amid growing disagreements over regulatory standards and data-sharing practices.

Officials in London expressed concern that the move could undermine broader economic and security collaboration, while US representatives emphasized the need to reassess commitments in light of shifting priorities. Analysts suggest the suspension signals deeper cracks in the relationship, raising questions about the resilience of long-standing alliances in an era of rapid technological change.

The pause comes at a time when both nations face mounting pressure to safeguard critical infrastructure and maintain competitiveness in emerging fields such as artificial intelligence and quantum computing. Whether the suspension is temporary or a prelude to a wider rift remains uncertain, but the decision underscores the fragility of even the closest international partnerships when national interests collide.

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