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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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B.C. Premier Horgan announces he will step down

After five years in the role, John Horgan announced on Tuesday afternoon he plans to step down as premier of British Columbia and has asked his governing party, the NDP, to hold a leadership convention later this year.

Barrie, Ont., man sentenced for masterminding landmark Ponzi scheme

The mastermind of an elaborate Ponzi scheme that cheated hundreds of people of tens of millions of dollars was sentenced Tuesday in a Barrie, Ont., courtroom. Charles Debono has been behind bars since his arrest in 2020 for his role in one of the largest Ponzi schemes in Canadian history.

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