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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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Starmer Leads Renewed Push for Ukraine Peace at London Summit

 

British Prime Minister Keir Starmer has taken a bold step in the pursuit of peace in Ukraine, hosting a high-stakes summit in London. The gathering brought together leaders from across Europe, NATO, and Ukraine, including Ukrainian President Volodymyr Zelensky. The summit's primary focus was to strengthen Europe's role in supporting Ukraine amidst its ongoing conflict with Russia.

Starmer emphasized the importance of European unity and proposed a "coalition of the willing" to expedite peace efforts. This initiative comes in the wake of a tense exchange between Zelensky and U.S. President Donald Trump, which underscored the urgency of finding alternative sources of support for Ukraine. Starmer's plan includes bolstering military aid, providing economic assistance, and ensuring long-term security guarantees for Ukraine.

The summit also highlighted the need for Europe to step up its defense capabilities, with Starmer advocating for a collaborative approach to peacekeeping. As the conflict enters its third year, the London summit marks a critical moment in the global effort to secure a lasting resolution for Ukraine.

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