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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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Mass Evacuation Ordered in Rafah Amid Escalating Conflict

 

The Israeli military has issued an urgent evacuation order for residents of the Tel al-Sultan neighborhood in Rafah, located in the southern Gaza Strip. This directive comes amidst intensified military operations in the region, which have already caused widespread destruction and displacement.

Thousands of Palestinians were seen fleeing their homes, carrying minimal belongings as they moved on foot toward al-Mawasi, a coastal area hosting makeshift tent camps. The evacuation follows heavy bombardments that have left the neighborhood in ruins, with reports of casualties and injuries mounting. The humanitarian situation in Gaza continues to deteriorate, with the territory officially entering the first stage of famine due to prolonged border closures.

The evacuation order has further compounded the suffering of Gaza's population, many of whom have been displaced multiple times during the ongoing conflict. The scenes of families walking through sand and mud under dire conditions highlight the urgent need for international intervention to address the escalating crisis. 

The situation remains volatile, with no immediate resolution in sight. The global community watches closely as the humanitarian toll rises in this war-torn region. 



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