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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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Netanyahu’s Washington Visit: A Renewed Alliance for a Reshaped Middle East

 

Israeli Prime Minister Benjamin Netanyahu has embarked on a high-stakes trip to Washington, D.C., aiming to renew and strengthen his longstanding connection with U.S. President Donald Trump. This visit marks the first time Trump will host a foreign leader since his return to the White House, underscoring the deep strategic and personal ties between the two leaders.

During his trip, Netanyahu is expected to address several pressing issues. Key topics include the ongoing efforts to secure a victory over Hamas, the urgent push for the complete return of hostages, and strategies to counter the Iranian influence that continues to unsettle the region. Netanyahu has emphasized that the decisions made during recent military operations have already redrawn parts of the Middle East, and he believes that a close collaboration with Trump can further transform the regional landscape for the better.

With internal pressures mounting from far-right coalition partners urging a tougher stance and even a resumption of conflict in Gaza, Netanyahu’s Washington visit is seen as an opportunity to balance domestic political challenges with a renewed international commitment. Officials from both sides have highlighted that this meeting is not only a testament to the enduring strength of the Israeli-American alliance but also a critical step towards broadening security cooperation and exploring new diplomatic avenues—potentially setting the stage for future breakthroughs in regional normalization efforts.

Netanyahu’s journey, accompanied by senior aides and strategic advisors, reflects his determination to leverage his personal rapport with Trump to secure strategic advantages for Israel and to contribute to shaping a more stable and secure Middle East.


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