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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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Vatican Prepares for Historic Conclave with Chimney Installation

 

 As the world awaits the election of a new pope, Vatican workers have installed the iconic chimney atop the Sistine Chapel, a crucial step in the preparations for the upcoming conclave. This chimney will serve as the conduit for the traditional smoke signals that inform the world of the voting progress.

The conclave, set to begin on May 7, will see 133 cardinal electors gather in secrecy to cast their votes for the next leader of the Catholic Church. The ballots will be burned in a special stove, producing either black smoke to indicate no decision or white smoke to announce the election of a new pope. Thousands are expected to gather in St. Peter’s Square, eagerly watching the chimney for the historic signal.

This centuries-old tradition remains one of the most anticipated moments in Vatican history, symbolizing the transition of leadership within the Church. As the cardinals prepare for their solemn duty, the world watches with anticipation, awaiting the moment when white smoke rises, signaling the arrival of a new pontiff.

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