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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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Solar Eclipse 2024: A Celestial Spectacle Over Canada

 


On April 8, 2024, Canadians will witness a rare and awe-inspiring event—the total solar eclipse. As the Moon gracefully glides between the Sun and Earth, several parts of the country will experience moments of darkness during this celestial dance.

Where and When to Catch the Eclipse

  • Totality Cities: Key cities like Niagara Falls and Kingston in Ontario, Montreal, Fredericton, Summerside (P.E.I.), and Gander (N.L.) will be plunged into darkness for several minutes.
  • Partial Eclipse: Other locations such as Vancouver, Calgary, Regina, Winnipeg, and Toronto will witness partial total eclipses.
  • Timings: The partial eclipse begins around 2 p.m. EDT as it enters Canada’s southeastern Ontario border. In the northeastern Canadian regions along the path, expect the sun’s light to gradually dim around 4 p.m. EDT.

Once in a Lifetime

Considering that the last time a total solar eclipse crossed Canada was in 1979, this event is truly exceptional. It’s no wonder Canadians are eagerly flocking to prime viewing spots. After all, the next one won’t grace our skies until 2044!

Safety First

As you prepare to witness this cosmic spectacle, remember to protect your eyes with proper eclipse glasses. Chaos may not ensue, but excitement certainly will. Let’s marvel at the universe’s grandeur together!

For live updates and on-the-ground coverage in Niagara Falls, Vancouver, Halifax, and Toronto, follow along with Yahoo Canada. And don’t forget to mark your calendars—April 8, 2024—a day when the heavens put on a show just for us.

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