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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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Thousands Cheer at the 120th Toronto Santa Claus Parade, But Future Uncertain

Thousands of spectators lined the streets of Toronto on November 24, 2024, to witness the 120th annual Santa Claus Parade. The festive event featured colorful floats, marching bands, and of course, Santa Claus himself, bringing joy to both children and adults alike. Despite the celebration, organizers have expressed concerns about the parade's future due to rising costs and funding shortfalls.

Organizers have launched a GoFundMe campaign to raise $250,000 to cover the expenses of the parade. So far, they have managed to raise over $136,000, but more support is needed to ensure the beloved tradition continues. The city has committed some funds, and there is hope that federal support will also be forthcoming.

The parade's CEO, Clay Charters, emphasized the importance of the event to Toronto's community and economy, noting that it brings significant economic benefits to local businesses. Mayor Olivia Chow echoed this sentiment, calling the parade an essential part of Toronto's history and culture.

As the city waits for a Christmas miracle in the form of additional funding, the future of the Toronto Santa Claus Parade hangs in the balance.



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