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Allies Set to Deliver New Aid to Ukraine Within Days

  Ukraine is poised to receive a new wave of military and energy assistance after President Volodymyr Zelenskiy announced that allied nations have committed to providing additional support within the next 10 days. The pledge comes at a critical moment, as Ukraine continues to face pressure on the battlefield and persistent strikes on its energy infrastructure. Zelenskiy shared the update following high‑level meetings with European partners, emphasizing that the upcoming aid packages will help strengthen both Ukraine’s defensive capabilities and its ability to maintain essential services through the winter. The forthcoming assistance underscores the continued commitment of Ukraine’s allies to sustain the country’s resilience as the conflict approaches its fourth year. Zelenskiy expressed confidence that the new support will help stabilize key sectors and reinforce Ukraine’s position during a challenging phase of the war.
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TSX gains on hopes of rate hike pause

 

The TSX closed slightly higher on Wednesday, as some sectors that benefit from lower interest rates rose amid signs that central banks may not tighten monetary policy further. The Canadian and U.S. economies added fewer jobs than expected in October, easing inflation fears and boosting bond prices. The TSX composite index ended up 3.5 points, or 0.02%, at 20,264.59.

The financials sector, which accounts for about a third of the TSX’s weight, gained 0.6%, as lower bond yields reduce borrowing costs and increase the value of future cash flows. The real estate sector, which is also sensitive to interest rates, climbed 1.2%, while the consumer discretionary sector, which includes retailers and auto parts makers, rose 0.9%

The energy sector, however, fell 1.1%, as oil prices dropped 2.4% to $80.51 a barrel, amid concerns about rising U.S. crude inventories and the impact of the COVID-19 pandemic on global demand. The materials sector, which includes miners and fertilizer producers, also declined 0.7%, as base metal and gold prices retreated.

For the week, the TSX was down 0.4%, as a jump in bond yields earlier in the week weighed on interest-rate sensitive sectors such as technology and utilities. The TSX is still up 18.6% year-to-date, outperforming the S&P 500, which is up 15.8%.

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