The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jul 16, 2026
· 3 min read
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The week’s best fixed and variable mortgage rates
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Article Excerpt
The week’s best fixed and variable mortgage rates
SALMAAN FAROOQUI
PUBLISHED 2 HOURS AGO
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The Bank of Canada held interest rates steady at 2.25 per cent this week for the sixth consecutive decision, in a move that will keep variable rate mortgages stable for the time being.
Governor Tiff Macklem said Wednesday that economic growth appears to be resuming after stalling earlier this year, but war in the Middle East remains volatile and oil prices could increase again.
For months, the Bank of Canada has been balancing inflationary pressure from the war with a shaky…
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Jul 16, 2026