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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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Devastating Earthquake Strikes Myanmar and Thailand, Leaving Over 150 Dead

 

A powerful 7.7 magnitude earthquake struck Myanmar and Thailand on March 28, 2025, causing widespread destruction and loss of life. The epicenter was located near Mandalay, Myanmar's second-largest city, and the tremors were felt as far as Bangkok, Thailand's bustling capital.

In Myanmar, at least 144 people lost their lives, and over 730 were injured. The quake caused buildings, bridges, and even a monastery to collapse, leaving rescue teams scrambling to pull survivors from the rubble. The situation is dire, with blood supplies running low and the death toll expected to rise.

In Thailand, the earthquake claimed at least 10 lives in Bangkok, where a high-rise under construction collapsed, leaving many injured and over 100 people missing. The city's residents were evacuated from high-rise buildings as aftershocks, including one measuring 6.4 magnitude, continued to shake the region.

The disaster has prompted international aid efforts, with the United Nations allocating $5 million to support relief operations. However, the full extent of the damage remains unclear, particularly in Myanmar, which is already grappling with a humanitarian crisis due to ongoing civil conflict.

This tragic event serves as a stark reminder of the vulnerability of the region to seismic activity and the urgent need for disaster preparedness and support.


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