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Daily Markets Update: Oil Plunges 7.6%, TSX Rebounds as Midterms Day Arrives

  Oil had its worst day since July, and Canadian stocks took the hint. The S&P/TSX Composite recovered from Friday’s rout on Monday as crude tumbled on hopes of US–Iran talks, but a fresh chip selloff pulled the Nasdaq lower on Wall Street. Overnight, Asia was dragged by South Korean tech and Europe slipped after a reported US strike on Iran’s Qeshm Island pushed oil back up. It’s US midterms day. Here’s the full picture. Monday, Nov. 2 closing figures, plus Tuesday morning moves (as of early Tuesday ET; Tuesday numbers will keep changing). Market Snapshot Market Monday close Change S&P/TSX Composite 35,801.09 +0.51% Dow Jones 51,983.98 +0.41% S&P 500 7,541.40 −0.51% Nasdaq Composite 25,164.32 −1.07% Brent crude US$104.77 −7.6% WTI crude US$96.46 −7.4% Gold (spot) ~US$3,945 +1.3–1.8% Canadian dollar ~71.5¢ US flat US 10-year yield ~4.90% −2 to −5 bp Canada: TSX Bounces Back, Energy Takes the Hit The TSX gained 181.06 points, or 0.51%, to close at 35,801.09, recovering ...
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Notre Dame Cathedral Reborn: First Mass Since 2019 Fire Marks Historic Moment

 

Notre Dame Cathedral, the iconic symbol of Paris, hosted its first Mass since the devastating fire of 2019 on Sunday, December 8, 2024. The event, attended by clergy, dignitaries, and guests, marked a significant milestone in the cathedral's journey from ruin to resurrection.

Archbishop Laurent Ulrich presided over the morning Mass, which included the consecration of a new bronze altar. The liturgy was a powerful symbol of Paris' resilience and the global effort to restore one of humanity's most treasured landmarks. The cathedral's restoration, fueled by nearly $1 billion in global donations, has been a testament to extraordinary craftsmanship and unyielding determination.

The evening Mass, open to the public, saw thousands gather along the Seine to witness this historic moment from afar. The cathedral's reopening is not just a religious milestone but a moment of cultural and national unity.

President Emmanuel Macron, who vowed to restore the cathedral within five years, attended the ceremonies and called the project "a jolt of hope" for France. The restoration, despite challenges such as lead contamination and the COVID-19 pandemic, has been a remarkable achievement.

As the cathedral's great organ resounded with majestic melodies and its restored stained-glass windows projected dazzling patterns of color, Rev. Olivier Ribadeau Dumas, Notre Dame's rector, remarked, "No one alive has seen the cathedral like this. It is more than restored—it is reborn."

The path to restoration has been long and arduous, but the reopening of Notre Dame stands as a testament to the enduring spirit of Paris and the global community that came together to rebuild this historic masterpiece.



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