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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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Mexico Prepares for Potential Tariffs with Contingency Plans

Mexico is bracing itself for the possibility of U.S. President Donald Trump imposing tariffs on its goods. President Claudia Sheinbaum assured the public during a press conference that the country is well-prepared with multiple contingency plans, though she refrained from disclosing specific details. "We have a plan B, C, D," Sheinbaum stated, emphasizing Mexico's readiness for any outcome.

The tariff threat stems from U.S. concerns over issues like synthetic drug trafficking and migrant arrivals at its borders. Trump has criticized both Mexico and Canada for not taking stronger action on these matters. In response, Mexican officials recently engaged in diplomatic talks with their U.S. counterparts in Washington, which Sheinbaum described as "cordial" and productive.

While the outcome remains uncertain, Sheinbaum's reassurances highlight Mexico's proactive approach to safeguarding its economy and maintaining strong bilateral relations with the U.S.

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