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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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U.S. Foreign Aid Freeze Sparks Global Concern

 

In a sweeping move, the U.S. State Department has issued a broad freeze on foreign aid following an executive order from President Donald Trump. The order, which mandates a 90-day pause in foreign development assistance, aims to review the efficiency and alignment of aid with Trump's foreign policy. Secretary of State Marco Rubio has approved waivers for military financing for Israel and Egypt, but other countries remain uncertain about their aid status.

The freeze has caused significant disruption to ongoing projects, including health services, education, and humanitarian aid. Critics argue that this move could lead to severe consequences for global stability and U.S. influence. The review is expected to be completed within 85 days, after which decisions will be made on whether to continue, modify, or terminate existing programs.



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