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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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Asian shares rise after Wall Street gains; Tokyo slips

Asian markets were mostly higher on Thursday, following modest gains on Wall Street in a holiday-shortened week. Tokyo was an exception, as investors weighed the prospects of a policy shift by the Bank of Japan.

The Nikkei 225 index fell 0.4% to 33,539.62, while other major regional benchmarks rose more than 1%. Hong Kong’s Hang Seng index surged 2.7%, led by technology and property shares. The Shanghai Composite index gained 1.4% and South Korea’s Kospi added 1.6%.

U.S. futures edged higher and oil prices were mixed. The S&P 500 rose 0.1% to 4,781.58 on Wednesday, up 24% for the year. The Dow Jones Industrial Average rose 0.3%, to close at 37,656.52. The Nasdaq composite rose 0.2% to 15,099.18, outpacing other major indexes with a gain of 44% this year.

Trading was subdued with two trading days left in the year. The S&P 500 is coming of its eight straight winning week and is hovering just below its all-time high set in January of 2022.

Investors are looking ahead to the next year, when the Federal Reserve is expected to start raising interest rates to combat inflation. The Fed has signaled that it will hike rates three times in 2024, but some analysts think it may need to move faster and more aggressively.

Meanwhile, the Bank of Japan is facing pressure to ease its ultra-loose monetary policy and raise its key interest rate from minus 0.1%. The BOJ has been keeping credit cheap to support the economy, but some economists argue that negative rates are hurting banks and consumers. The BOJ is waiting to see what kind of wage gains might come in 2024 as part of its strategy.

In other news, online food delivery company Meituan rose 6.8% in Hong Kong, despite a lawsuit filed against it by a U.S. company for allegedly selling counterfeit versions of Squishmallow plush toys. Ecommerce giant Alibaba gained 2.9%, even as a court in New York refused to dismiss the case. Shares in struggling developer Country Garden Holdings jumped 6.9%, as property stocks rebounded from recent losses.



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