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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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Canada Post Workers Begin Nationwide Strike, Disrupting Deliveries

 


Canada Post workers have initiated a nationwide strike today, following a breakdown in negotiations with their employer. The Canadian Union of Postal Workers (CUPW) announced that approximately 55,000 postal workers are participating in the strike, which began at 12:01 a.m. Eastern Time.

The strike comes after nearly a year of bargaining with little progress on key issues such as fair wages, safer working conditions, and job security. The union had issued a 72-hour strike notice earlier this week, but efforts to reach a negotiated agreement failed.

Canada Post has warned that the strike will significantly disrupt mail and parcel deliveries, especially with the busy holiday season approaching. The Crown corporation stated that mail and parcels will not be processed or delivered during the strike, and some post offices will be closed.

The federal government has appointed a special mediator to assist in the negotiations, but as of now, there is no resolution in sight.

The strike is expected to have a widespread impact on Canadians and businesses relying on postal services for their operations and holiday preparations.


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