Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Canada Dodges Major Impact in Trump's Tariff Storm

In a sweeping move, U.S. President Donald Trump announced retaliatory tariffs targeting imports from dozens of countries. While Canada wasn't entirely spared, it avoided the harshest measures. The new tariffs include a 25% levy on foreign-made automobiles, which could have significant implications for Canada's auto industry. However, Canada is exempt from the baseline 10% tariff applied to other nations.

Trump's administration claims these tariffs aim to bolster domestic manufacturing, but critics warn of potential economic fallout, including higher consumer prices and strained international relations. Canada, already facing tariffs on steel, aluminum, and energy, remains cautious as bilateral tensions continue to rise.

Prime Minister Mark Carney has vowed to address these challenges, emphasizing the importance of preserving Canada's economic stability amid shifting trade dynamics. The situation underscores the delicate balance between maintaining trade partnerships and navigating protectionist policies.

Labels:

Comments

Post a Comment