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Trump and Zelensky Tout Progress Toward Peace Deal Despite Major Sticking Points

   U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky hold a press conference after their lunch meeting at Trump's Mar-a-Lago club. Former U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky struck an optimistic tone after meeting in Florida, suggesting that negotiations toward a potential Ukraine‑Russia peace agreement are nearing completion. Trump described the talks as “very close,” while Zelensky said the two sides had aligned on the majority of key issues. The meeting followed Trump’s recent call with Russian President Vladimir Putin, which he characterized as constructive. Zelensky emphasized that the discussions were productive and that both leaders share a desire to accelerate the path toward ending the conflict. Despite the upbeat messaging, significant obstacles remain. Unresolved issues reportedly include territorial questions, long‑term security guarantees for Ukraine, and the sequencing of troop withdrawals—topics that hav...
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TSX gains on rate cut hopes despite high inflation`

 


Canada’s main stock index, the Toronto Stock Exchange’s S&P/TSX composite index, rose by 0.75% to 20,777.19 on Tuesday despite a sticky domestic inflation reading.

The materials sector, which houses Canada’s major mining firms, gained 1.3% with copper miners amongst the top gainers on the benchmark index as prices of the red metal rose. Consumer staple was amongst the leading sectors, rising 1.2%, while utilities advanced 0.8%.

San Francisco Fed President Mary Daly said cuts to the U.S. central bank’s benchmark rate are likely to be appropriate next year, the Wall Street Journal reported. Fed Atlanta President Raphael Bostic and Fed Chicago President Austan Goolsbee are also scheduled to speak later in the day.

Meanwhile, the loonie strengthened 0.5% against the dollar after data showed Canada’s annual inflation rate unexpectedly remained at 3.1% in November. The renewed acceleration in core inflation pressures in November was partly due to a jump in travel tour prices, which is likely to be reversed in December.

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