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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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A Solemn Farewell: Pope Francis's Journey to St. Peter's Basilica

In a deeply moving ceremony, the body of Pope Francis was transported from his residence at the Santa Marta guesthouse to St. Peter's Basilica in Vatican City. The 88-year-old pontiff, who passed away two days ago, was carried in an open coffin by 14 pallbearers dressed in black suits and white gloves. The procession was accompanied by red-hatted cardinals, priests, and Swiss Guards, as a male choir chanted psalms and prayers in Latin.

Thousands of mourners gathered in St. Peter's Square, breaking into applause as the coffin passed—a traditional Italian gesture of respect. The bells of the basilica tolled solemnly, marking the end of Pope Francis's 12-year papacy, which was characterized by his progressive reforms and advocacy for inclusivity.

The late pope's body will lie in state at St. Peter's Basilica for three days, allowing the faithful to pay their respects before his funeral on Saturday. His final resting place will be the Basilica of Santa Maria Maggiore, reflecting his humble wishes for a simpler ceremony.

Pope Francis's legacy as a compassionate and reformative leader continues to resonate with Catholics and admirers worldwide.

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