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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...
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UN Demand for Gaza Ceasefire Sparks Tensions Between U.S. and Israel



In a historic move, the United Nations Security Council has issued its first demand for a ceasefire in Gaza during the Muslim holy month of Ramadan. This resolution, passed by a 14-0 vote, aims to halt the ongoing conflict between Israel and Hamas. However, it’s the U.S.'s decision to abstain from using its veto power that has ignited the strongest public clash between the allies since the war began.

The UN’s call for a ceasefire was met with mixed reactions. Israeli Prime Minister Benjamin Netanyahu swiftly canceled a planned high-level delegation visit to Washington in protest. The resolution not only demands a cessation of hostilities but also calls for the release of all hostages taken captive during Hamas’ surprise attack in southern Israel on October 7. Notably, the resolution does not explicitly link the release of hostages to the ceasefire during Ramadan, which concludes on April 9.

The U.S. decision to abstain from the vote has drawn criticism. Netanyahu accused the U.S. of “retreating” from its “principled position” by allowing the resolution to pass without conditioning the ceasefire on the release of hostages held by Hamas. White House national security spokesman John Kirby clarified that the abstention was due to the resolution’s failure to condemn Hamas.

This clash underscores the delicate balance between diplomacy, humanitarian concerns, and geopolitical alliances. As negotiations continue, the world watches closely, hoping for a peaceful resolution that preserves human lives and averts further suffering and destruction in the region.



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