Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Impeachment Bid Against South Korean President Fails Amid Ruling Party Boycott

In a dramatic turn of events, the attempt to impeach South Korean President Yoon Suk Yeol has failed after members of his ruling party boycotted the vote. The impeachment motion, which required a two-thirds majority in the National Assembly, fell short as only three lawmakers from the People Power Party (PPP) participated in the vote.

The impeachment effort was sparked by President Yoon's controversial declaration of martial law, which was quickly overturned by the National Assembly. The opposition parties, holding 192 seats, needed at least eight votes from the PPP to reach the required 200 votes for impeachment. However, the boycott by the majority of PPP members prevented the motion from passing.

The failure of the impeachment vote is expected to intensify public protests and deepen political turmoil in South Korea. A significant portion of the population supports the president's impeachment, and the opposition parties have vowed to continue their efforts to remove him from office.

National Assembly Speaker Woo Won Shik expressed regret over the outcome, calling it an embarrassing moment for South Korea's democracy. He emphasized the importance of democratic procedures and the need for a qualified vote on such a critical national issue.

As the political crisis unfolds, the opposition parties are preparing to submit a new impeachment motion when the next parliamentary session begins. Meanwhile, President Yoon's leadership faces increasing scrutiny, and his ability to serve out his remaining term remains uncertain.



Labels:

Comments

Post a Comment