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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 Faces Pressure to Provide Safe Haven for America's Trans Community Following Trump's Gender Order

 

In the wake of President Donald Trump's recent executive order, which mandates the recognition of only two sexes—male and female—there is growing pressure on the Canadian government to offer refuge to America's transgender community. The order, signed on Trump's first day back in office, has sparked widespread concern and backlash, particularly among LGBTQ+ advocates.

The executive order, titled "Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government," effectively rolls back protections for transgender individuals by requiring government documents to recognize only male and female as sexes. This move has left many transgender Americans feeling vulnerable and uncertain about their future.

In response, prominent trans activists in Canada are calling on the federal government to update travel safety guidelines for trans Canadians traveling to the U.S. and to consider offering asylum to those affected by the new policy. Fae Johnstone, executive director of the Society of Queer Momentum, has voiced concerns about the potential dangers trans individuals may face when crossing the border with passports that do not conform to the new U.S. regulations.

Canada has long been seen as a safe haven for LGBTQ+ individuals, offering comprehensive protections for gender identity and expression. However, recent events have highlighted the need for continued vigilance and support for the trans community, both domestically and internationally.

As the situation unfolds, it remains to be seen how the Canadian government will respond to the growing calls for action. For now, trans activists and allies continue to advocate for the rights and safety of transgender individuals on both sides of the border.


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