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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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Canada Faces Pressure to Provide Safe Haven for America's Trans Community Following Trump's Gender Order

 

In the wake of President Donald Trump's recent executive order, which mandates the recognition of only two sexes—male and female—there is growing pressure on the Canadian government to offer refuge to America's transgender community. The order, signed on Trump's first day back in office, has sparked widespread concern and backlash, particularly among LGBTQ+ advocates.

The executive order, titled "Defending Women from Gender Ideology Extremism and Restoring Biological Truth to the Federal Government," effectively rolls back protections for transgender individuals by requiring government documents to recognize only male and female as sexes. This move has left many transgender Americans feeling vulnerable and uncertain about their future.

In response, prominent trans activists in Canada are calling on the federal government to update travel safety guidelines for trans Canadians traveling to the U.S. and to consider offering asylum to those affected by the new policy. Fae Johnstone, executive director of the Society of Queer Momentum, has voiced concerns about the potential dangers trans individuals may face when crossing the border with passports that do not conform to the new U.S. regulations.

Canada has long been seen as a safe haven for LGBTQ+ individuals, offering comprehensive protections for gender identity and expression. However, recent events have highlighted the need for continued vigilance and support for the trans community, both domestically and internationally.

As the situation unfolds, it remains to be seen how the Canadian government will respond to the growing calls for action. For now, trans activists and allies continue to advocate for the rights and safety of transgender individuals on both sides of the border.


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