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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...

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Your daily horoscope: December 7, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There is so much cosmic activity on your birthday this year that you are clearly destined to do something huge in the world. Approach life as if every word you say makes a difference and every act is of cosmic importance – because it is!

PISCES (Feb. 20 - Mar. 20):

Don’t take it to heart if others are critical of what you are doing over the next 48 hours because most likely they have a point and you would do well to listen to them. Their advice could actually save you from making a costly mistake.

ARIES (March 21 - April 20):

Make this a time for having fun with your friends and don’t worry that you might be neglecting your duties in other areas. What you don’t do workwise this weekend you will make up for over the next few days. For now, do only what makes you smile.

TAURUS (April 21 - May 21):

If you have been dreaming about moving up in the world now is the time to push on to the next stage by letting people in positions of power know who you are and what you can do. Don’t worry about being seen as pushy – they’ll like that.

GEMINI (May 22 - June 21):

Some kind of restriction that has been holding you back is no longer there and you can and you must start moving ahead again. Venus in the most adventurous area of your chart will encourage you to seek out new and exciting ways to express yourself.

CANCER (June 22 - July 23):

Be truthful when dealing with money matters over the next 48 hours. If you try to pass off your opinions as facts you are sure to be found out and it won’t do your prospects, or your reputation, any good at all. Honesty is an absolute must.

LEO (July 24 - Aug. 23):

Get together with people whose fun-loving outlook you share and do things together that you might be reluctant to do on your own. Not only will you enjoy your joint successes but you can share the blame if, unlikely as it seems, something goes wrong.

VIRGO (Aug. 24 - Sept. 23):

The time has come to decide which of your many big ideas are worth pushing on with and which are destined to stay in the realm of wishful thinking. You must be ruthless in your choices. Focus on what is most likely to make you rich and famous.

LIBRA (Sept. 24 - Oct. 23):

Venus, your ruler, moves into the most dynamic area of your chart this weekend and then makes a stunning union with Pluto, planet of passion. Approach everything you do with 100 per cent effort and 100 per cent self-belief. You cannot possibly fail!

SCORPIO (Oct. 24 - Nov. 22):

It’s not like you to get emotional but there could be a tear or two shed this weekend. Whatever it is that upsets you it won’t be an issue for long, so dry your eyes, get to grips with the situation and then move on to happier things.

SAGITTARIUS (Nov. 23 - Dec. 21):

The words you use this weekend will have far-reaching effects, so think before you speak and make sure what you say sounds positive even if you have to be critical of people you love. They won’t mind being told they are wrong so long as you mean well.

CAPRICORN (Dec. 22 - Jan. 20):

You need to look at your financial position with a more optimistic eye. It may be true that you have spent too much in recent weeks but you have not yet run out of cash and your situation can easily be improved if you can stop being so wasteful.

AQUARIUS (Jan. 21 - Feb. 19):

Values planet Venus joins passion planet Pluto in your sign this weekend and you will feel a surge of good feelings towards the world at large. If you go out of your way to help other people the universe will go out of its way to help you.

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