Skip to main content

Featured

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 ...

article

Netanyahu Condemns ICC Ruling, Gains Broad Political Support

 

Israeli Prime Minister Benjamin Netanyahu has strongly denounced the International Criminal Court’s (ICC) decision to issue arrest warrants for him and former Defense Minister Yoav Gallant. Netanyahu labeled the ruling as “anti-Semitic” and “absurd,” asserting that Israel will not succumb to international pressure in defending its citizens.

The ICC’s warrants accuse Netanyahu and Gallant of war crimes related to the recent conflict in Gaza, including allegations of starvation and persecution of Palestinians. The court’s decision has sparked a rare moment of unity among Israeli politicians, with both allies and opponents rallying to Netanyahu’s defense.

Former Prime Minister Naftali Bennett criticized the ICC, calling the warrants a “mark of shame” on the court itself. Opposition leader Yair Lapid described the ruling as a “reward for terrorism,” while Benny Gantz, who briefly joined Netanyahu’s war cabinet, condemned the court’s "moral blindness".

Security Minister Itamar Ben-Gvir suggested a bold response by annexing the occupied West Bank, further intensifying the political discourse.

The ICC’s decision has undoubtedly deepened the diplomatic rift, with Israel and its key ally, the United States, not recognizing the court’s jurisdiction. As the situation unfolds, the international community watches closely, anticipating the potential ramifications on the ongoing conflict and future peace negotiations.


Comments