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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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Winter Set to Redeem Itself After Record-Breaking Warmth

 

After experiencing the warmest winter on record last year, Canada is bracing for a colder season this year, according to The Weather Network's chief meteorologist, Chris Scott. Scott predicts that this winter will attempt to "salvage its reputation" with generally colder temperatures and more impactful weather compared to last year.

The forecast indicates that Western Canada will see near- or above-normal snow totals, while Ontario and Quebec can expect significant winter weather in December. However, Scott warns that the overall winter will still not be a "blockbuster" for any region.

"It's coming east in a hurry, and it will pack a real punch," Scott said, noting that there will be a "mad scramble for winter tires and salt" in Ontario and Quebec.

The Weather Network's seasonal forecast suggests that while January and February may be milder in Quebec and Ontario, Manitoba and Saskatchewan will experience a more typical winter. The forecast also brings good news for drought-weary prairie farmers, who rely on snowmelt to boost soil moisture in the spring.




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