News of the day: Mortgage rates, estate fights, when to lock in, WestJet strike, quantum computing and more

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Iran warThis U.S. Navy handout photo released on July 15, 2026, and taken on June 30 by U.S. Central Command Public Affairs shows the Carrier Air Wing 7 flying in formation over the USS George H.W. Bush in the Arabian Sea. The U.S. launched a wave of strikes against Iran on July 15 in a return to war between the two foes. Bond yields, which determine mortgage rates, are rising as a consequence. Photo by US NAVY/ AVCENT PUBLIC AFFAIRS/AFP

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It’s Friday, July 24. Here are the top stories we’re following today.

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This week brings a grab bag of mortgage updates, featuring musings from Canada Mortgage and Housing Corp. chief executive Coleen Volk, Realtor.ca CEO Scott Neil, and concerning new developments in the mortgage rate market.

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Leaving everything to your spouse does not prevent dependants’ claims for support, expert says. Leaving everything to your spouse does not prevent dependants’ claims for support, expert says. Photo by Adobe Stock

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An affidavit stating reasons to omit someone as a beneficiary may be necessary to defend your estate, expert says.

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Homes can be seen in this aerial photograph taken above Toronto, Ont. Homes can be seen in this aerial photograph taken above Toronto. Photo by James MacDonald/Bloomberg files

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For borrowers where locking in is appropriate, no one should avoid doing so on the theory that rates are “too high,” writes Robert McLister.

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WestJet WestJet Group Ltd. said this week it will allow customers, scheduled to travel between July 30 and Aug. 4, to make adjustments to their booking. Photo by Gavin Young/Postmedia

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WestJet Group Ltd.’s mainline flight attendants last week voted for strike authorization that would allow workers to walk out of the job as early as Aug. 2, in the middle of Canada’s Civic holiday long weekend.

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Waterloo-based QuantumCore Inc.’s chief technology officer, Christopher Wilson, points to a quantum processing unit, above which the company’s amplifier attaches, as chief executive, Eugene Profis, watches. Waterloo-based QuantumCore Inc.’s chief technology officer, Christopher Wilson, points to a quantum processing unit, above which the company’s amplifier attaches, as chief executive, Eugene Profis, looks on. Photo by Institute for Quantum Computing at University of Waterloo

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An Ontario startup tackling one of quantum computing’s biggest bottlenecks says it is building devices that have caught the eye of companies such as International Business Machines Corp. and Alphabet Inc.’s Google.

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