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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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Hamas Dismisses Trump's Ultimatum, Demands Lasting Ceasefire for Hostage Release

In a recent development, Hamas has dismissed President Donald Trump's ultimatum to release the remaining Israeli hostages held in Gaza. The militant group has reiterated its stance that the hostages will only be freed in exchange for a lasting ceasefire in the Gaza Strip.

Trump's threat came after the White House confirmed unprecedented direct talks with Hamas, marking the first such engagement since the group was designated a foreign terrorist organization by the US in 1997. In a social media post, Trump warned Hamas to release all hostages and return the bodies of the deceased, or face severe consequences.

Hamas spokesperson Abdel-Latif al-Qanoua accused Trump and Israeli Prime Minister Benjamin Netanyahu of attempting to back out of the ceasefire agreement reached in January. The agreement called for negotiations over a second phase, which would involve the release of hostages in exchange for more Palestinian prisoners, a permanent ceasefire, and an Israeli withdrawal from Gaza.

The fragile ceasefire, which has facilitated hostage exchanges and humanitarian aid deliveries, is now at risk of collapse. The failure to secure a lasting agreement could reignite violence and escalate the humanitarian crisis in Gaza.

As the situation remains tense, the international community watches closely, hoping for a resolution that will bring peace and stability to the region.


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