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Bond Yields Are Nearing 5%: What It Means for Your Mortgage and HELOC

  Published September 11, 2026 Something is happening in the bond market this week that matters more to your wallet than the daily swings in the TSX. The yield on the 10-year US Treasury note closed in on 5% on Friday — 4.95% , its highest level since 2023 and approaching territory not seen since 2007 — after climbing 18 basis points in a single week. Canadian bond yields have followed the same path: the 10-year Government of Canada bond hit its highest level in over two years earlier this month, and the 5-year bond — the one that actually sets your fixed mortgage rate — has drifted up to roughly 3.41%, about a quarter-point higher than it was a month ago. If you're renewing a mortgage, shopping for a HELOC, or just trying to figure out whether now is the moment to lock in, here's what's actually going on and what it means for your payments. Why bond yields, not the Bank of Canada, are driving fixed rates right now It's a common mix-up: people watch the Bank of Canada...

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Your daily horoscope: October 24, 2023

 



HOROSCOPES IF TODAY IS YOUR BIRTHDAY

A sun-Saturn link on your birthday means there is no limit to what you can achieve over the coming 12 months, but you will need to be selective in your ambitions. Not even a Scorpio can do everything, so focus on one major aim at a time.

ARIES (March 21 - April 20):

You have pushed your mind and your body about as far as they can go over the past few days and now you must slow down before you fall down. The more others make demands of you the more resolute you must be. Say “no” and mean it.

TAURUS (April 21 - May 21):

Today’s sun-Saturn link will encourage you to give of your best but you also need to be aware that some things are possible and some things are not. Even a Taurus has limits – make sure you know what yours are and stay within them.

GEMINI (May 22 - June 21):

You may not be able to control what happens today but you can choose how to react to it. Unless you are directly involved in some sort of altercation you are strongly advised to keep your distance. Getting involved is unlikely to help anyone.

CANCER (June 22 - July 23):

If you are on the move today, and you should be, there is every chance that you will encounter some interesting people along the way. At least one of those people could become a useful career or business contact, so be on your best behavior.

LEO (July 24 - Aug. 23):

Money matters should go well for you over the next 24 hours but they will go better still if you play the percentages and don’t take foolish risks. This is a good time to invest but not a good time to gamble when you don’t have to.

VIRGO (Aug. 24 - Sept. 23):

You may be conservative by nature but if you take a chance of some sort today it could pay off. Even if your efforts don’t bring much success in the short-term they will give you valuable experience that you can profit from in the future.

LIBRA (Sept. 24 - Oct. 23):

You don’t usually lack for confidence but you may decide not to push ahead with a project of some kind because you are afraid it could fall apart if you do. Come on Libra, yours is a cardinal sign and you should be more adventurous than that!

SCORPIO (Oct. 24 - Nov. 22):

The sun in your sign links with Saturn today, so dream the impossible dream and then start taking the steps that can make that dream come true. They don’t have to be big steps either, just put one foot in front of the other and keep walking.

SAGITTARIUS (Nov. 23 - Dec. 21):

You are determined to get what it is you desire and if you have to be ruthless about it then so be it. Be careful you don’t make an enemy of someone who, while weaker than you now, could be in a much stronger position later on.

CAPRICORN (Dec. 22 - Jan. 20):

The sun’s link to Saturn, your ruler, today means if you are prepared to go the extra mile it won’t be long before you are way ahead of your rivals. A little bit of effort now will pay big, maybe huge, dividends before the end of the month.

AQUARIUS (Jan. 21 - Feb. 19):

You may not feel sociable today but that’s okay, in fact it may be good if you have important matters to take care of in the private sphere. There’s no law that says you have to be the life and soul of the party every day of the week.

PISCES (Feb. 20 - Mar. 20):

If you insist on calling the shots today, either at home or at work, you will most likely get your way, but you may also create some resentment that could come back at you later on. Try using persuasion first and only insist if others refuse to see sense.

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