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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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Canada and Greece Strengthen Ties: Prime Minister Trudeau Hosts Greek Counterpart

 

Today, Prime Minister Justin Trudeau welcomed the Prime Minister of the Hellenic Republic, Kyriakos Mitsotakis, to Montréal. The occasion? Greek Independence Day, a celebration of freedom, resilience, and shared values.

Canada and Greece share a deep-rooted history. Our common commitment to democracy, human rights, and the rule of law has forged an enduring friendship. As NATO Allies and transatlantic partners, we stand shoulder to shoulder, advancing international peace, security, and development.

Climate change knows no borders. Together, we pledge to tackle its impact through the NATO Climate Change and Security Center of Excellence in Montréal. We’ll work to make countries more resilient, addressing crises like climate change, biodiversity loss, and pollution.

Canada applauds Greece’s recent legalization of same-sex marriages. We reaffirm our commitment to supporting LGBTQ rights at home and around the world. Additionally, we collaborate on Women, Peace, and Security initiatives.

The Canada-EU Comprehensive Economic and Trade Agreement (CETA) has opened doors for Greek and Canadian businesses. Since its provisional application in 2017, trade between our nations has grown by 80%. We see immense potential for further growth in sectors like aerospace, defense, security, professional training, and tourism.

In a significant move, Greece and the Canadian Commercial Corporation signed an agreement for Greece to acquire seven state-of-the-art DHC-515 firefighting aircraft. These planes will combat devastating forest fires that increasingly ravage Southern Europe. This collaboration exemplifies our dynamic trade and economic partnership.

As we deepen our friendship, let us continue working together to promote peace, stability, and prosperity worldwide.


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