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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...

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Your daily horoscope: February 26, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There will be times over the next six months when the efforts you put in don’t seem to result in what you expect to get out. There is no cause for alarm though because the six months after that will bring rewards that make those efforts worthwhile.

ARIES (March 21 - April 20):

You may look calm on the outside but deep down your emotions are raging. Are you upset by some sort of injustice? If so, you need to get over it quickly because getting angry won’t help – but it will divert your energy away from more important issues.

TAURUS (April 21 - May 21):

The good times are well and truly here and with the approaching new moon about to highlight the friendship area of your chart your smile will keep getting wider. Spend your time only with people who share your sunny outlook on life.

GEMINI (May 22 - June 21):

If someone you work with rubs you the wrong way today you must call on all your powers of self-control and refuse to get upset. If they can see they are getting to you they will come up with even more outrageous ways to behave.

CANCER (June 22 - July 23):

You will have to confront a friend with evidence that they have been up to no good. The more they try to deny it the more obvious it will be that they are trying to cover their tracks. Remind them of their moral responsibilities.

LEO (July 24 - Aug. 23):

The planets indicate that you have been living beyond your means of late and if that is true then the new moon on Friday will make it impossible to deny. Take the cosmic hint and get your finances back in shape. It shouldn’t be too difficult.

VIRGO (Aug. 24 - Sept. 23):

Because you are in such a positive frame of mind at the moment the people around you are feeling good about themselves as well. Get together with those who share your upbeat outlook on life and do something that helps the whole world smile.

LIBRA (Sept. 24 - Oct. 23):

You may not be able to explain why certain events are taking place but that does not mean they are not important or that you can afford to ignore them. On the contrary, their occurrence suggests you will have to make some pretty big changes.

SCORPIO (Oct. 24 - Nov. 22):

You may have strong opinions about what is going on in the world but opinions alone won’t be enough to change things for the better. Every thought you have and every action you take between now and the weekend must be based on facts.

SAGITTARIUS (Nov. 23 - Dec. 21):

If family members are pressuring you to do this or do that you may have no alternative but to step back from your interactions with them and create a mental and emotional bubble around yourself. You cannot allow them to interfere in your affairs.

CAPRICORN (Dec. 22 - Jan. 20):

This is a great time to travel and socialize. Places you once had no intention of visiting now seem incredibly attractive, so start making plans and don’t worry if it is going to cost you a few dollars along the way. It will be worth it.

AQUARIUS (Jan. 21 - Feb. 19):

Cosmic activity in the money area of your chart will encourage you to look at creative ways to give your finances a boost. The closer you get to Friday’s new moon the easier it will be to get the cash flowing in rather than out.

PISCES (Feb. 20 - Mar. 20):

Your commitment to excellence is such that you might be tempted to go it alone and keep would-be partners at arm’s length, but that would be a mistake. You can do a lot on your own but with like-minded souls at your side everything becomes possible.

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