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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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Gaza Aid Crisis: Soup Kitchens Shut Down Amid Israeli Blockade

The humanitarian crisis in Gaza has deepened as World Central Kitchen, a leading aid organization, announced the closure of its community soup kitchens due to Israel’s ongoing blockade. The kitchens, which had been serving 133,000 meals per day and baking 80,000 loaves of bread, have run out of food supplies, leaving thousands without access to daily sustenance.

The blockade, imposed by Israel on March 2, has severely restricted the flow of humanitarian aid into Gaza, exacerbating food shortages and malnutrition. Aid agencies warn that the situation is pushing the population toward starvation, with nearly 10,000 children already treated for acute malnutrition this year.

José Andrés, the founder of World Central Kitchen, expressed frustration over the stalled aid deliveries, stating that trucks loaded with food and supplies are waiting in Egypt, Jordan, and Israel, but cannot enter Gaza without permission. The Israeli defense body overseeing aid has indicated that the blockade will remain in place unless government policy changes.

The shutdown of soup kitchens marks another devastating blow to Gaza’s war-battered population, as bakeries close and water distribution grinds to a halt due to fuel shortages. Rights groups have condemned the blockade as a “starvation tactic”, calling for immediate humanitarian intervention.

With no clear resolution in sight, the people of Gaza continue to face worsening conditions, relying on dwindling resources and international pressure to ease the blockade.

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