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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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Jury Selection in Trump’s Hush Money Trial: A Pivotal Stretch

 

The first criminal trial of a former U.S. president has entered a critical phase as jury selection continues in the case against Donald Trump. The trial centers around allegations that Trump falsified business records to conceal a hush money payment to adult film star Stormy Daniels, who could have impacted his 2016 presidential campaign.

Key Points:

  1. Jury Selection Process: The trial, taking place in a Manhattan courtroom, aims to select 12 jurors and several alternates from a pool of 96 prospective jurors. The process could last up to two weeks. Seven jurors have already been chosen, including an oncology nurse, a software engineer, an information technology professional, a sales professional, an English teacher, and two lawyers.

  2. Charges Against Trump: Trump faces 34 felony counts related to falsifying business records. The payments to Michael Cohen, his former lawyer, were falsely labeled as legal services rather than hush money. Prosecutors allege that this was done to conceal violations of federal campaign finance laws and to hide a plan to break New York tax and election laws.

  3. Trump’s Defense: The former president has pleaded not guilty. His legal team is actively participating in the proceedings, engaging in motions and discussions with the Manhattan District Attorney’s Office.

  4. Implications: Once the jury is finalized, opening statements will begin. The trial is expected to last between six and eight weeks. If convicted, Trump could face serious consequences.

As the trial unfolds, all eyes are on the courtroom, where history is being made. The outcome will shape the legacy of a former president and set a precedent for future cases involving high-profile figures.


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