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5 Things to Know Today — September 25, 2026

  Friday, September 25, 2026  |  moneysavings.ca/canadian-money-brief Bond yields are nearing levels not seen in nearly two decades, Iran is offering a Hormuz truce, Ottawa just posted a fresh deficit, the loonie slid to 70.74 cents, and Canadian consumers pulled back in July. Here's what each story means for your money. 01 — Interest Rates Bond Yields Hit 5.10% — and Your Mortgage Is Watching The 10-year U.S. Treasury yield climbed to approximately 5.10% overnight — a level last seen in 2007 — while the 30-year surged to around 5.43%, its highest since 2004. The spike was triggered by a combination of stronger-than-expected U.S. PMI data, hawkish comments from Federal Reserve officials in New York and Philadelphia, and a weak Treasury auction. Canada's own 10-year bond yield has been tracking close behind, already at multi-year highs. Why does a U.S. number matter here? Canadian fixed mortgage rates are largely priced off the Government of Canada 5-year bond yield, which...
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Netflix and Tech Earnings Lift S&P 500 to New Record

 

The S&P 500 index reached a new all-time high on Wednesday, as strong earnings reports from technology companies boosted investor confidence. Netflix was the star performer, surging 10% after adding more subscribers than expected in the fourth quarter of 2023. The streaming giant also announced plans to buy back up to $5 billion of its shares this year.

Other tech firms also delivered impressive results, such as ASML, the world’s largest supplier of chip-making equipment, which saw its orders more than triple in the fourth quarter. Microsoft also hit a record high, becoming the first company to surpass $3 trillion in market value.

The tech-heavy Nasdaq 100 index rose 0.7%, outperforming the Dow Jones Industrial Average, which fell 0.3%. The Dow was dragged down by losses in Boeing, Chevron, and Goldman Sachs.

Meanwhile, the TSX Composite index edged lower by 0.1%, as gains in energy and materials stocks were offset by declines in financials and industrials. The Canadian dollar weakened against the US dollar, as the Bank of Canada kept its key interest rate unchanged at 0.25%.

Investors are now looking ahead to the European Central Bank’s policy meeting on Thursday, where it is expected to maintain its ultra-loose monetary stance and signal its readiness to support the euro zone economy amid rising Covid-19 cases and lockdowns.

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