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

Elon Musk's Ultimatum to Federal Workers: A New Era of Accountability

 

In a move that has sent shockwaves through the federal workforce, Elon Musk has issued an ultimatum to all federal employees, demanding that they provide a detailed account of their accomplishments over the past week within 48 hours. This directive, announced via Musk's social media platform, X, has sparked confusion and concern across various government agencies.

Musk, who serves as President Donald Trump's cost-cutting chief, emphasized that failure to comply with this request would be interpreted as a resignation. The email sent to federal employees instructed them to list approximately five bullet points of their weekly achievements and to cc their managers.

The directive has been met with mixed reactions. Some agencies have advised their employees not to respond, while labor union leaders have condemned the move as an example of the administration's disregard for federal workers and the essential services they provide. The American Federation of Government Employees (AFGE) has threatened legal action, arguing that the order is both cruel and disrespectful.

As the deadline approaches, the federal workforce remains in a state of uncertainty, with many employees questioning the authenticity and implications of Musk's directive.


Labels:

Comments

Post a Comment