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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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Israel Storms Gaza City Neighborhood, Orders Palestinians to Move South

 


In a recent escalation of the ongoing conflict, Israel stormed a neighborhood in Gaza City, directing Palestinians to move south. Tanks rolled into the Shejaia neighborhood, firing and causing destruction. Drones also attacked after overnight bombings. The Palestinian Civil Emergency Service reported casualties in Shejaia, but their teams were unable to reach the affected areas due to the ongoing offensive. Meanwhile, the armed wing of Hamas ally Islamic Jihad detonated an explosive device against an Israeli tank east of Shejaia.

The situation remains dire in Gaza, with aid officials warning of high famine risk. Almost half a million people face “catastrophic” food insecurity. Additionally, the death toll from malnutrition and dehydration has risen, with at least 31 children losing their lives. Israel denies creating famine conditions, attributing distribution problems to aid agencies and accusing Hamas of diverting aid.

This conflict continues to have devastating consequences for civilians, and urgent humanitarian efforts are needed to address the crisis.



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