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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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Heat Wave Sweeps Ontario and Quebec: Record-Breaking Temperatures and Health Risks

 


As the mercury soars into the 30s across Ontario and Quebec this week, residents are bracing for an extended period of extreme heat and humidity. Humidex levels are stretching into the 40s, posing health risks for everyone. Here’s what you need to know:

  1. Health Impacts: Extreme heat can lead to heat exhaustion and heat stroke. Stay hydrated, avoid strenuous outdoor activities, and be vigilant about heat-related symptoms.

  2. Record-Breaking Heat: A strong ridge of high pressure over the eastern U.S. and the Great Lakes is driving this heat wave. Hot, muggy winds from the Gulf of Mexico add tropical humidity. Humidex values could reach the mid-40s in Greater Toronto, Hamilton, Ottawa, and Montreal, challenging records set during the 2018 heat wave.

  3. Air Quality Concerns: The stagnant, humid air mass may deteriorate air quality. Scattered thunderstorms could provide temporary relief, but overall, we’re in for sweltering days and sticky nights.

Remember to take precautions, stay informed about weather alerts, and prioritize your well-being during this intense heat wave. 

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