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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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Market Momentum: Futures Rise Amid Tariff Uncertainty

U.S. stock futures showed gains early Monday as investors navigated a mix of optimism and caution. The S&P 500 futures climbed 0.5%, while Nasdaq 100 futures rose 0.8%, and Dow Jones Industrial Average futures edged up 0.4%. This comes after a volatile February, with markets now bracing for key developments this week.

A major focus is the looming tariff deadlines set for March 4, which could impact trade with Canada, Mexico, and China. While 25% duties are planned, officials have hinted at potential adjustments, leaving markets in a "fluid situation." Investors are also eyeing the Federal Reserve's next meeting and Friday's nonfarm payrolls report, which is expected to show modest job growth with unemployment steady at 4%.

Adding to the mix, cryptocurrencies surged after President Trump announced the inclusion of Bitcoin, Ethereum, and other digital assets in a new U.S. strategic cryptocurrency reserve. This move has sparked significant market activity, with Bitcoin briefly surpassing $94,000.

As the week unfolds, retail earnings from companies like Target and Costco will provide further insights into consumer resilience amid economic uncertainties. Markets remain on edge, balancing hopes for growth against the challenges of global trade and economic policy.

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