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Daily Markets Update: Bond Rout Hits 24-Year High, TSX Slips a 4th Day — and It's Jobs Day

  Friday, October 2, 2026. Figures are as of early morning, before the 8:30 a.m. ET U.S. jobs report. Global bond markets set the tone again. The U.S. 10-year Treasury yield touched 5.34% on Thursday, its highest since 2002 , before easing back to about 5.24% by the close. Wall Street held up, but the damage was sharper elsewhere: the UK’s 30-year gilt yield crossed 6% for the first time since 1998, and Toronto slipped for a fourth straight session. Oil jumped more than 4% on Thursday before sliding back under US$100 this morning, and the Canadian dollar fell to a 12-week low. All eyes now turn to today’s U.S. jobs report, which could decide whether the bond selloff cools or keeps running. Today’s big event: the U.S. jobs report The U.S. September jobs report lands at 8:30 a.m. ET . Economists expect roughly 84,000 to 90,000 new jobs, with unemployment holding at 4.1% and wages up 0.3% on the month. That would be a big cooldown from August’s surprise gain of 162,000. It matters bec...
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TikTok Restores Service in the U.S. Amidst Legal Uncertainty

 


TikTok has begun restoring its services in the United States after a brief shutdown, following assurances from President-elect Donald Trump. The popular video-sharing app was temporarily inaccessible to U.S. users over the weekend due to a court-ordered ban. However, Trump's recent executive order has provided temporary relief, allowing TikTok to come back online.

While the app is now accessible to U.S. users, it remains unavailable for download from Apple's and Google's app stores. The U.S. Supreme Court had upheld a federal law requiring TikTok's Chinese parent company, ByteDance, to sell the app to a non-Chinese buyer by Sunday. Trump's order extends the deadline, giving ByteDance more time to find an approved buyer.

Canadian TikTok users, unaffected by the U.S. ban, continue to enjoy uninterrupted access to the app. TikTok has also filed a legal challenge against Canada's dissolution order, which stopped short of banning the app but ordered the dissolution of its Canadian business.

The future of TikTok in the U.S. remains uncertain as discussions continue over national security concerns and potential ownership changes. Trump has expressed interest in a joint venture where a U.S.-based company would control a significant share of TikTok.



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