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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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Meta’s AI Investment Causes Market Stir


In a bold move that sent shockwaves through the stock market, Meta Platforms Inc. announced plans to significantly increase its investment in artificial intelligence (AI) infrastructure. The Facebook and Instagram owner revealed that expenses for 2024 could soar as high as $40 billion, a figure that far exceeds market expectations.

Market Reaction Investors responded swiftly to the news, resulting in a staggering $200 billion loss in Meta’s market value within just a few hours. The company’s shares plummeted nearly 15%, as the market grappled with the implications of the tech giant’s aggressive spending strategy.

Long-Term Vision Despite the immediate financial impact, Meta’s leadership is focused on the long-term potential of AI. The company is betting big on the technology, hoping that the substantial investments will eventually translate into significant revenue growth.

Investor Concerns However, the announcement has raised concerns among investors about the timeline for these investments to bear fruit. With rising costs and an uncertain return on investment, there is growing skepticism about how long it will take for Meta’s AI initiatives to contribute positively to its bottom line.

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