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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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Tax Season: How to Spot Scams and Keep Your Money Safe


As the tax deadline approaches, so do the scams. Fraudsters are becoming increasingly sophisticated in their tactics to steal personal information and money. Here are some valuable tips to help you stay safe:

  1. Beware of Phishing Emails and Calls:

    • Phishing emails: Be cautious of unsolicited emails claiming to be from the Canada Revenue Agency (CRA). These emails often contain malicious links or attachments. Never click on suspicious links or provide personal or financial information.
    • Phone scams: Scammers may call, pretending to be CRA agents, demanding urgent payments. They might threaten legal action or claim you owe money. Remember that the CRA will never ask for payments via Interac e-Transfer, bitcoin, prepaid credit cards, or gift cards.

  2. Ask Yourself Key Questions:

    • Is the communication threatening or urgent?
    • Does it request payment in unusual forms (e.g., bitcoin or gift cards)?
    • Is the sender or caller claiming to be from the CRA?
    • Trust your instincts and verify before taking any action.

  3. Stay Informed:

    • Keep up-to-date with CRA scam alerts. The CRA regularly shares information about common scams targeting taxpayers. Being aware of these can help you avoid falling victim to fraud.

Remember, protecting your personal information during tax season is crucial. Stay vigilant, and if something seems suspicious, verify its legitimacy before taking any action. Your financial safety matters! 


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