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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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A United Vision: The Obamas Rally Behind Harris at DNC


 In a significant moment at the Democratic National Convention, Barack and Michelle Obama endorsed Vice President Kamala Harris, underscoring the historic nature of her candidacy. 

The former President and First Lady delivered impassioned speeches that not only supported Harris but also emphasized the critical juncture at which the nation stands. Barack Obama praised Harris for her readiness to lead, reflecting on the values she represents and the progress she signifies for the country. Michelle Obama, with equal fervor, highlighted Harris's qualifications and the hope she brings to a nation in need of unity and direction. 

This endorsement comes at a pivotal time, as Harris's candidacy represents not just a continuation of the Democratic legacy but also a step forward in the ongoing journey toward a more inclusive and equitable America. The Obamas' backing is expected to galvanize support as the campaign enters its final stretch, signaling a united front in the pursuit of a common vision for the future of the United States.


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