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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 Seeks to Avoid All-Out War Amid Lebanon Tensions

 

In the wake of a deadly rocket strike that killed 12 children and teenagers in the Israeli-occupied Golan Heights, Israeli officials have expressed their intent to avoid escalating the situation into a full-scale war with Lebanon. The strike, which occurred over the weekend, has heightened tensions between Israel and Hezbollah, the Iran-backed militant group based in Lebanon.

Israeli officials have stated that while they aim to deliver a significant response to Hezbollah, they are keen to prevent the conflict from spiraling into a broader regional war. The Israeli security cabinet has authorized Prime Minister Benjamin Netanyahu to determine the timing and manner of the response, with options ranging from targeted strikes on Hezbollah infrastructure to more symbolic attacks on key facilities.

The situation remains volatile, with both sides engaging in cross-border skirmishes. An Israeli drone strike in southern Lebanon on Monday resulted in two fatalities and three injuries, including an infant. Despite these incidents, there is a concerted effort from international leaders to de-escalate the conflict. U.S. Secretary of State Antony Blinken emphasized the importance of restraint and reiterated support for Israel’s right to defend itself while urging both parties to avoid further escalation.

As the region braces for potential retaliation, diplomatic efforts are intensifying to prevent a full-scale war that could have devastating consequences for the Middle East.



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