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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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Beijing’s Meddling: Canada’s Democracy Faces Unprecedented Threats

 

Canada’s former ambassador to China, Guy Saint-Jacques, has issued a stark warning: Beijing’s interference in Canada’s democracy is more severe than ever. A recent report from the National Security and Intelligence Committee of Parliamentarians (NSICOP) alleges that sitting federal politicians are “witting” participants in foreign interference schemes. Despite these bombshell allegations, the government has yet to reveal their identities, citing intelligence concerns. Saint-Jacques emphasizes the need for a tougher approach, suggesting that evidence-based punishment should be applied where possible. Additionally, the proposed Bill C-70 aims to address foreign interference, but its implementation timeline remains uncertain. As Canada grapples with these challenges, safeguarding democratic processes becomes paramount.


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