The Globe and Mail reports in its Friday, June 20, edition that expectations of multiple rate cuts by the Bank of Canada this year are diminishing -- along with expectations it will cut rates at all. The Globe's Salman Farooqui writes that this could make variable-rate mortgages somewhat less appealing for homeowners. Recently, market predictions have shifted from three cuts, resulting in a total drop of 75 basis points, to just one cut of 25 basis points for the remainder of 2025. Earlier this week, Canada and the U.S. committed to achieving a trade agreement. If an agreement is reached, economists suggest it could prompt the Bank of Canada to refrain from cutting rates entirely this year, as the need for cuts was largely associated with supporting the economy during a trade war. All of this means there is a chance that variable-rate mortgages will not provide better interest rates than a traditional, five-year fixed-rate mortgage this year. Variable-rate mortgages are generally just one rate cut away from being a few basis points cheaper than five-year fixed-rate mortgages, and consumers will have to consider whether that discount is worth the risk that inevitably comes with a variable-rate mortgage.