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Lebanese PM Urges Caution Amid Rising Regional Tensions

                                                       Lebanese Prime Minister Nawaf Salam Lebanese Prime Minister Nawaf Salam has issued a firm warning against pulling the country into what he described as “adventures” that could endanger national security and unity. His remarks come at a moment of heightened regional volatility following coordinated strikes by Israel and the United States on Iran.  Salam emphasized the gravity of the situation, urging all Lebanese factions to act with “wisdom and patriotism” and to prioritize the interests of the nation above external pressures or political agendas. Though he did not name Hezbollah directly, his message was widely interpreted as a caution to the Iran‑backed group, which has historically been involved in conflicts with Israel and has signaled it may not remain neutra...
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TSX set to end the year on a positive note amid global recovery hopes

The Toronto Stock Exchange (TSX) is expected to open higher on Friday, the last trading day of 2023, as investors remain optimistic about the global economic recovery from the pandemic.

The TSX closed at a record high of 23,456.78 on Thursday, boosted by gains in energy, financials, and materials sectors. The index has risen more than 20% this year, outperforming its U.S. peers, as Canada’s economy rebounded from the COVID-19 crisis.

The positive sentiment was also supported by the latest data showing that Canada’s GDP grew by 0.4% in October, beating expectations of a 0.2% increase. The growth was driven by the services sector, which expanded by 0.6%, while the goods-producing sector contracted by 0.1%.

On Friday, the TSX futures were up 0.3% at 7:30 a.m. ET, indicating a higher open for the cash market. The Canadian dollar was trading at 79.32 U.S. cents, slightly lower than Thursday’s close of 79.36 U.S. cents.

Meanwhile, the U.S. stock futures were also pointing to a higher open, as Wall Street looked to end the year with record highs. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite have gained 18.7%, 26.9%, and 21.4% respectively this year, as the U.S. economy recovered from the pandemic-induced recession.

The U.S. markets will close early at 1 p.m. ET on Friday, while the TSX will close at its regular time of 4 p.m. ET. Both markets will be closed on Monday, January 1, 2024, for the New Year’s Day holiday.

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