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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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Ford Hails Progress in U.S.-Canada Trade Talks


Ontario Premier Doug Ford described his recent meeting with U.S. Commerce Secretary Howard Lutnick as "very, very productive," signaling a potential thaw in the tense trade relations between Canada and the United States. The meeting, held in Washington, D.C., focused on addressing escalating tariffs and fostering a more collaborative economic relationship.

Ford expressed optimism, stating, "The temperature's coming down," and emphasized the importance of finding common ground for the benefit of both nations. While specific details of the discussions remain under wraps, the promise of continued dialogue next week suggests a commitment to resolving trade disputes amicably.

This meeting comes amidst a backdrop of heightened tensions, with both countries imposing tariffs on each other's goods. Ford's efforts to de-escalate the situation highlight the significance of diplomacy in navigating complex international trade dynamics.

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