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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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Trump Signals Potential for Ukraine to Reclaim Land Amid Deepening Rifts with Allies at UN

In a recent statement, U.S. President Donald Trump suggested that Ukraine might be able to reclaim some of its territories occupied by Russia, though he acknowledged the challenges involved. Speaking during a meeting with French President Emmanuel Macron at the White House, Trump remarked, "You’re asking whether or not they [Ukrainians] could take back the land that they lost. And I say that yes, perhaps some of it, yes. But that’s not an easy thing to do".

This statement comes amid ongoing negotiations between the U.S. and Russia, which have notably excluded Ukraine from the discussions. The decision to exclude Ukraine has sparked backlash in Europe and Ukraine, with European leaders expressing concerns about being sidelined by the U.S. Macron has been actively rallying European counterparts to discuss security guarantees for Ukraine.

The situation has further strained relations between the U.S. and its European allies. French President Macron emphasized that peace must not mean the surrender of Ukraine, highlighting the importance of maintaining Ukraine's sovereignty and territorial integrity. The U.K. Prime Minister Keir Starmer is expected to visit Washington later this week to meet with Trump and discuss the ongoing conflict and potential resolutions.

As the negotiations continue, the international community remains watchful of the developments and the potential impact on the geopolitical landscape. The exclusion of Ukraine from the talks and the deepening rifts with European allies underscore the complexities and challenges of finding a resolution to the conflict.


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