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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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Ontario Braces for Back-to-Back Snowstorms: Travel Warnings Issued

Winter is in full swing across Ontario, with three more rounds of snow expected to hit the region this week. The back-to-back storm systems are bringing gusty winds and heavy snowfall, making travel difficult and dangerous.

The first round of snow, a clipper system, has already blanketed eastern Ontario with 5-10 cm of snow, leading to school bus cancellations and winter weather travel advisories in the Greater Toronto Area (GTA). Visibility has been significantly reduced at times, prompting warnings for drivers to slow down and be prepared to stop.

As the clipper system moves out, lake-effect snow will sporadically impact southern Ontario, potentially bringing **10-20 cm of snow** locally. Another clipper system is expected to spread snow from Thunder Bay to Ottawa through Thursday afternoon, adding another 5-10 cm of snow to the mix.

The most significant event is forecasted for Thursday night into Friday, with a Texas low developing near Lake Erie. This system could bring a mix of rain and snow, changing to heavy snowfall as colder air moves in. Forecasters are closely monitoring the storm's track, as it could be quite impactful for the region.

With temperatures plunging into the minus teens by Saturday, Ontarians are advised to stay updated with the latest weather alerts and road conditions. The first few weeks of February are expected to be volatile, with an active pattern of winter systems.




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