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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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Ontario’s First Measles Death in Decades: A Grim Reminder for Unvaccinated Children

 

In a tragic turn of events, Ontario has reported its first measles-related death in decades. The victim was a child under the age of five from Hamilton, Ontario. Public Health Ontario (PHO) confirmed that the child was unvaccinated and had fallen seriously ill, ultimately succumbing to the disease.

The Alarming Situation

Measles, once considered a disease of the past, has made a concerning resurgence. Here are some key points:

  1. Unvaccinated Children at Risk: The child who tragically lost their life was one of five unvaccinated kids who fell ill this year. These cases highlight the vulnerability of unvaccinated children, especially when vaccination rates drop.

  2. Measles Cases on the Rise: In 2024, Ontario has already documented 22 cases of measles, nearly a quarter of the roughly 100 cases reported in the entire previous decade. This year’s death marks the province’s first fatal case since 1989.

  3. Global Immunization Challenges: Immunization rates against infectious diseases have declined globally, including in Canada. The pandemic disrupted vaccination programs, leading to missed doses. For example, the proportion of seven-year-olds in Ontario with zero vaccine doses rose significantly between 2019-2020 and 2022-2023.

The Importance of Vaccination

Measles is highly contagious and can lead to severe complications, including pneumonia, brain swelling, blindness, and respiratory failure. Children are supposed to receive two doses of the measles vaccine, with the first administered at 12 months of age. Unvaccinated children, especially those under five, remain at heightened risk.

A Call to Action

This tragic loss underscores the critical importance of vaccination. As a community, we must prioritize immunization to protect our children and prevent further outbreaks. Let us learn from this devastating event and work together to ensure a safer future for all.

Remember: Vaccines save lives. Let’s protect our children and each other.


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