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Higher interest rates and mortgages: What do they help and hinder?

With the Bank of Canada expected to keep raising its policy interest rate through 2023, experts expect the gap between fixed and variable mortgage rates to shrink. If you're in the market for a mortgage, here's some advice on what to consider when deciding which type to opt for.

Houses are seen in an aerial view in Langley, B.C., on May 16, 2018. (THE CANADIAN PRESS/Darryl Dyck)

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What's the impact of a Russian debt default?

Russia is poised to default on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.

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