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Israel and Lebanon Agree to 10‑Day Ceasefire as Trump Announces Breakthrough

  Israel and Lebanon Reach 10‑Day Ceasefire Following Trump Announcement Israel and Lebanon have agreed to a 10‑day ceasefire set to begin at 5 p.m. EST, according to U.S. President Donald Trump, who said the truce followed “excellent conversations” with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.  The ceasefire comes after more than six weeks of intense fighting between Israel and Hezbollah, the Iran‑backed armed group operating in southern Lebanon. The conflict has resulted in over 2,000 deaths in Lebanon and displaced more than a million residents, while Israel has maintained a 10‑kilometre security zone in southern Lebanon. Trump stated that both leaders agreed to begin the truce to pursue peace, adding that he plans to invite them to the White House for the first direct talks between the two countries since 1983. Lebanese officials have welcomed the ceasefire, though Hezbollah has said its adherence depends on Israel halting all attacks....
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Stock Market Today : October 3, 2023


 The Canadian stock market continued its downward trend today. As represented by the S&P/TSX Composite Index, closed at 19,020.92 on October 3, 2023, down by 0.81% from the previous day’s close. The S&P/TSX 60 Index also fell by 0.83% to close at 1,141.80. The S&P/TSX Venture Composite index decreased by 1.68% to close at 536.26. The top gainers on the TSX were Cameco Corporation, Canadian Natural Resources Limited, and Barrick Gold Corporation, while the top losers were Baytex Energy Corp., Algonquin Power & Utilities Corp., and Enbridge Inc. 

In the US, the Dow Jones Industrial Average (DJIA) closed at 35,258.32, up by 0.10% from the previous day’s close . The S&P 500 index closed at 4,543.76, up by 0.15% from the previous day’s close. The NASDAQ Composite index closed at 15,235.89, up by 0.31% from the previous day’s close. The top gainers on the DJIA were Boeing Co., Goldman Sachs Group Inc., and JPMorgan Chase & Co., while the top losers were Apple Inc., Microsoft Corp., and Visa Inc. .

The reason the markets were down today, is due to the fact  that the 10-year Treasury yield climbed again on October 3, 2023, up to 4.80% from 4.69% late Monday and from just 0.50% early in the pandemic. This increase in yield came after a report showed U.S. employers have many more job openings than expected. Another reason is that there is ongoing debt ceiling drama that is slowly eroding confidence in the country. However, it is important to note that there could be other factors contributing to this decline as well.



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