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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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Sudan’s Conflict Risks Creating the World’s Largest Hunger Crisis


A ruinous conflict has been raging for about a year between rival generals in Sudan, and it now poses a dire threat: the world’s largest hunger crisis. Cindy McCain, head of the World Food Program (WFP), issued this stark warning as global attention remains focused on the Israel-Hamas war in Gaza.

The fighting in Sudan, which pits the country’s military against a violent paramilitary group, has shattered the lives of millions across the northeastern African nation. According to the U.N. food agency, approximately 18 million people in Sudan currently face acute hunger, with the most desperate trapped behind the front lines.

Sudan plunged into chaos in mid-April when clashes erupted in the capital, Khartoum, between the country’s military, led by Gen. Abdel Fattah Burhan, and a paramilitary force known as the Rapid Support Forces, commanded by Gen. Mohammed Hamdan Dagalo. The conflict swiftly spread across the nation, affecting urban areas and the restive western Darfur region.

Tragically, thousands of people have lost their lives during this conflict, including between 10,000 and 15,000 individuals when paramilitary forces and allied Arab militias rampaged through a Darfur town last year. This echoes the dark legacy of Darfur, which two decades ago became synonymous with genocide and war crimes perpetrated by notorious Janjaweed Arab militias against populations identifying as Central or East African.

The International Criminal Court’s prosecutor, Karim Khan, recently stated that there are grounds to believe both sides in Sudan’s conflict are committing possible war crimes, crimes against humanity, or genocide in Darfur. Despite this alarming situation, the people of Sudan have been largely forgotten.

The conflict has forcibly uprooted more than 10 million people, either to safer areas within Sudan or to neighboring countries. Urgent humanitarian aid and international support are crucial to prevent this crisis from escalating further.



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