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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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Russia strikes Kyiv as Western leaders meet in Europe

Russia shattered weeks of relative calm in the Ukrainian capital with long-range missiles fired toward Kyiv early Sunday, an apparent Kremlin show-of-force as Western leaders meet in Europe to strengthen their military and economic support of Ukraine.

Firefighters work at the scene at a residential building following explosions, in Kyiv, Ukraine, Sunday, June 26, 2022. Several explosions rocked the west of the Ukrainian capital in the early hours of Sunday morning, with at least two residential buildings struck, according to Kyiv mayor Vitali Klitschko. (AP Photo/Nariman El-Mofty)

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