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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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Putin: Islamic Extremists Behind Moscow Concert Hall Massacre, But Masterminds Remain Elusive

 

Russian President Vladimir Putin has publicly attributed the horrifying attack at a suburban Moscow concert hall to “radical Islamists.” The assailants, who mercilessly claimed the lives of 139 people, left the city in shock and mourning. However, the mystery surrounding the orchestrators of this bloodshed persists.

On Friday night, the Crocus City Hall music venue on the western outskirts of Moscow turned into a scene of unimaginable horror. The attackers, armed with deadly intent, unleashed chaos, leaving more than 180 injured in addition to the fatalities. This tragedy stands as the deadliest attack in Russia in years.

Putin, addressing government officials, emphasized that the perpetrators were “extremists whose ideology the Islamic world has been fighting for centuries.” Despite the arrest of four gunmen attempting to flee to Ukraine, investigators have yet to pinpoint the masterminds behind this calculated assault. The critical question remains: Who ordered the attack?

While Ukraine vehemently denies any involvement, Putin has not ruled out their potential role. He asserted that it is crucial to understand “why the terrorists after committing their crime tried to flee to Ukraine and who was waiting for them there.” The Islamic State group’s Afghanistan affiliate claimed responsibility for the attack, and U.S. intelligence corroborated their claims. French President Emmanuel Macron also pointed to “an IS entity” as the force behind the Moscow tragedy.

Putin warned that this incident might not be isolated. He suggested that more attacks could follow, hinting at possible Western involvement. The U.S. confidentially shared a warning about imminent terror attacks with Moscow two weeks before the raid, but Putin remains skeptical. He criticized the U.S. Embassy’s prior notice to Americans, viewing it as an attempt to “blackmail” the Kremlin.

Putin further accused Ukraine of launching cross-border attacks on Russian regions, using terror as a tool. He framed the Moscow concert hall massacre as a “logical part of this chain.” As the investigation continues, the world awaits answers, and the victims’ families seek justice.

In the aftermath of this tragedy, the haunting question lingers: Who orchestrated this bloodshed, and what motivated them? Until the masterminds are unmasked, the shadows cast by this horrific event will persist, leaving a scar on Moscow’s collective memory.

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