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5 Things to Know Today — September 24, 2026

  Thursday, September 24, 2026 5 Things to Know Today Bond yields are hitting levels not seen in decades, Trump and Xi just extended a trade truce, and the Bank of Canada is mired in a near-100-day strike. Here's what Canadians need to know this morning. 1 · Markets TSX Sinks as Bond Yields Hit Multi-Decade Highs The TSX dropped 584 points on Wednesday — a 1.61% slide — closing at 35,751.43 and breaking through its 25-day and 50-day moving averages. It was the worst single-session performance in weeks, reversing three straight days of gains. The selloff was driven by rising energy prices and a global bond market rout that has sent U.S. 10-year Treasury yields toward 5.1%, their highest since 2007, while Canada's 30-year yield hit a level not seen since 2004. Higher yields pull money out of equities and push up borrowing costs across the board. Big bank stocks led the decline — RBC fell 2%, TD dropped 2.4%, BMO shed 2%, and Scotiabank retreated 1.6% — while gold miners added to ...
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Trump's Pick of Rubio as Top Diplomat Jolts Latin America

 

President-elect Donald Trump's selection of Senator Marco Rubio as the next Secretary of State has sent shockwaves through Latin America, a region long accustomed to U.S. neglect. Rubio, a staunch conservative and vocal critic of communist regimes, is expected to bring a renewed focus on Latin American policy, which has often been sidelined in U.S. foreign affairs.

Rubio's appointment marks a significant shift in U.S. diplomacy. As the first Latino Secretary of State, he is poised to leverage his deep understanding of the region and his personal connections to drive U.S. policy. His reputation as a national security hawk and his support for Trump's hardline immigration policies are likely to influence his approach to issues such as trade, drug trafficking, and migration.

While some Latin American leaders welcome the attention, others are wary of Rubio's polarizing rhetoric and his alignment with Trump's "America First" agenda. Critics argue that his stance could alienate U.S. allies in the region and complicate diplomatic relations.

As Rubio prepares to take on his new role, the world watches closely to see how his leadership will reshape U.S. engagement with Latin America and address the challenges facing the region.

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