Skip to main content

Featured

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...

article

Gulf Tensions Spike as Yemen Separatist Leader’s Escape Deepens Saudi–UAE Rift

                        Aidarous al-Zubaidi, the leader of Yemen's Southern Transitional Council (STC)

A dramatic escalation in the already‑strained relationship between Saudi Arabia and the United Arab Emirates has unfolded after Riyadh accused Abu Dhabi of secretly spiriting away a Yemeni separatist leader wanted for treason. The incident has intensified political friction between the Gulf powers, both of which have long been central players in Yemen’s conflict.

A High‑Profile Escape

Saudi officials say Aidarous al‑Zubaidi, head of the UAE‑backed Southern Transitional Council (STC), fled Yemen by boat to Somalia before being flown to Abu Dhabi with Emirati assistance. Al‑Zubaidi had been summoned to Riyadh for crisis talks but failed to appear, prompting Saudi Arabia to remove him from Yemen’s Presidential Leadership Council and charge him with treason.

A Crisis Within the Coalition

The escape comes amid a widening rift between the two countries, who back rival factions in Yemen despite having once jointly led the coalition against the Houthis. The STC’s recent territorial advances in southern Yemen and clashes with Saudi‑aligned forces have further strained the partnership.

Saudi Arabia has publicly accused the UAE of undermining its national security by supporting separatist ambitions in the south, while the UAE has pushed back against Saudi pressure and recently began withdrawing its remaining forces from Yemen.

Regional Implications

The dispute threatens to destabilize the fragile balance of power in Yemen, where years of conflict have already fractured the country. Analysts warn that the Saudi‑UAE split could reignite broader conflict between rival Yemeni factions and complicate any future peace negotiations.

As both nations trade accusations, the fate of al‑Zubaidi — and the political future of southern Yemen — remains uncertain.


Comments