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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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Hezbollah Confirms Seventh Senior Commander Killed in Recent Israeli Strikes

 

In a series of escalating confrontations, Hezbollah has confirmed the death of its seventh senior commander, Nabil Kaouk, in recent Israeli airstrikes. Kaouk, who served as the deputy head of Hezbollah’s Central Council, was killed on Saturday, marking a significant blow to the Lebanese militant group.

Kaouk’s death follows a string of targeted strikes by Israel that have claimed the lives of several high-ranking Hezbollah officials, including founding members who had long evaded capture or assassination. These strikes have intensified over the past week, with Hezbollah confirming the deaths of multiple senior leaders.

The Israeli military has stated that these operations are part of a broader campaign to dismantle Hezbollah’s leadership and operational capabilities. The recent airstrikes have also resulted in significant civilian casualties and displacement, with over 1,000 people reported dead and hundreds of thousands forced to flee their homes.

Hezbollah, in response, has continued to launch rockets and missiles into northern Israel, although most have been intercepted or have landed in uninhabited areas. The conflict has brought the region to the brink of a wider war, raising concerns about a potential escalation into a full-scale regional conflict.

Kaouk, a veteran member of Hezbollah since the 1980s, played a crucial role in the group’s military operations, particularly during the 2006 war with Israel. His death is seen as a significant loss for Hezbollah, which has vowed to continue its resistance against Israeli aggression.

The situation remains highly volatile, with both sides showing no signs of backing down. The international community continues to call for restraint and a return to negotiations to prevent further loss of life and instability in the region.


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