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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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Trump Criticizes Helicopter Altitude Amid Recovery of 41 Victims from Wreckage


In the aftermath of a tragic midair collision between an American Airlines regional jet and a US Army helicopter near Ronald Reagan Washington National Airport, President Donald Trump has raised concerns about the helicopter's altitude. The collision, which occurred on January 30, 2025, resulted in the deaths of all 67 individuals on board both aircraft.

Rescue teams have recovered 41 bodies from the Potomac River, where the wreckage of the aircrafts was found. The National Transportation Safety Board (NTSB) is leading the investigation and has recovered the flight data and voice recorders from the American Eagle jet. A preliminary report is expected within 30 days.

President Trump has criticized the Federal Aviation Administration's (FAA) diversity programs, suggesting they may have contributed to the crash. However, former Transportation Secretary Pete Buttigieg and other GOP lawmakers have urged caution against jumping to conclusions. The investigation is ongoing, and experts emphasize that it is too early to determine the exact cause of the collision.

The crash has been described as the deadliest aviation disaster on U.S. soil in 23 years. Among the victims were elite figure skaters, labor union members, and beloved relatives returning from a training camp in Wichita. The aviation community and the nation mourn the loss of these lives as the investigation continues.


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