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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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Ottawa Prepares for Trump 2.0: Reinforcing Border Security

 

As President-elect Donald Trump gears up for his second term, Ottawa is taking proactive measures to ensure the security of Canada's borders. With Trump's aggressive immigration policies and mass deportation plans, Canadian officials are preparing for a potential influx of migrants seeking refuge.

Deputy Prime Minister Chrystia Freeland has emphasized that Canada's borders are "safe and secure" and that the country will continue to control who enters. The Royal Canadian Mounted Police (RCMP) have been preparing for months, anticipating increased migrant traffic at the border. Measures include acquiring more police cruisers, setting up permanent or semi-permanent buildings, and chartering buses to transport migrants if necessary.

Freeland's message to Canadians is clear: "We control our borders. Every Canadian has the absolute right to expect that our country chooses who comes here and who doesn't". This stance aims to reassure the public and deter any potential surge of undocumented immigrants fleeing the United States.

As the situation unfolds, Ottawa remains vigilant, ready to adapt to the challenges posed by Trump's immigration policies and ensure the safety and security of Canada's borders.

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