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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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New Dawn at Rafah: Vital Gaza-Egypt Crossing Reopens, Offering Lifeline to the Wounded

 

In a significant humanitarian breakthrough, the Rafah border crossing between Gaza and Egypt reopened on Saturday for the first time since May. The reopening—observed by international monitors and captured on live television—enabled the first wave of medical evacuations, allowing around 50 critically ill patients, including children, to leave Gaza for treatment in Egyptian hospitals.

The crossing, a crucial exit from Gaza that bypasses Israeli-controlled borders, had remained closed amid intense military operations and political tensions. Its reopening comes as part of a broader ceasefire agreement aimed at easing the long-standing blockade and mitigating the humanitarian crisis in the besieged enclave. International agencies, including the World Health Organization, have welcomed the move as a vital step toward restoring essential medical services to thousands in need.

Authorities stress that while this initial phase marks a moment of relief for many, additional measures will be required to expand the daily quota of medical evacuations and address the wider humanitarian challenges in Gaza. As displaced families and critically wounded patients finally gain a lifeline to life-saving care, diplomatic efforts continue to seek a lasting resolution to the conflict.

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