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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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Wall Street Ends Tumultuous Week on a High Note

 

Wall Street wrapped up a volatile week with a positive finish, as major U.S. stock indexes rebounded on Friday. The Dow Jones Industrial Average climbed 1.6%, the S&P 500 rose 1.8%, and the tech-heavy Nasdaq Composite gained 2.1%. 

This recovery followed a week of dramatic swings, largely driven by escalating trade tensions between the United States and China. President Trump's tariff policies created uncertainty in the markets, with reciprocal tariffs reaching as high as 145% on Chinese imports. Despite the turbulence, optimism emerged after the White House hinted at potential progress in trade negotiations.

Investors remain cautious, as the broader market is still down year-to-date. However, Friday's gains provided a much-needed boost to close out a rollercoaster week on a hopeful note.

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