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Daily Markets Update: Bond Rout Hits 24-Year High, TSX Slips a 4th Day — and It's Jobs Day

  Friday, October 2, 2026. Figures are as of early morning, before the 8:30 a.m. ET U.S. jobs report. Global bond markets set the tone again. The U.S. 10-year Treasury yield touched 5.34% on Thursday, its highest since 2002 , before easing back to about 5.24% by the close. Wall Street held up, but the damage was sharper elsewhere: the UK’s 30-year gilt yield crossed 6% for the first time since 1998, and Toronto slipped for a fourth straight session. Oil jumped more than 4% on Thursday before sliding back under US$100 this morning, and the Canadian dollar fell to a 12-week low. All eyes now turn to today’s U.S. jobs report, which could decide whether the bond selloff cools or keeps running. Today’s big event: the U.S. jobs report The U.S. September jobs report lands at 8:30 a.m. ET . Economists expect roughly 84,000 to 90,000 new jobs, with unemployment holding at 4.1% and wages up 0.3% on the month. That would be a big cooldown from August’s surprise gain of 162,000. It matters bec...
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Trade Tensions Ignite Challenges for the US Dollar


The US dollar, long perceived as a symbol of strength in the global economy, is finding itself in turbulent waters. Former President Donald Trump's tariff policies, which aimed to reshape international trade dynamics, have inadvertently set off a series of economic ripples. These tariffs, targeting imports from key trading partners, sparked retaliatory measures, creating uncertainty in global markets.

The trade disputes have influenced the value of the US dollar by altering currency flows and investor confidence. While some industries saw temporary benefits from protectionist measures, others faced rising costs and disrupted supply chains, adding pressure on the domestic economy. The international response to these policies has also reshaped alliances and market relationships, further affecting the dollar's global standing.

As countries navigate this complex economic environment, the stability of the US dollar remains a central concern, highlighting the intricate link between trade policies and currency dynamics. The ongoing trade turmoil serves as a reminder of the delicate balance required in global economic strategy.



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