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US-Backed Operation Ends Reign of Cartel Boss ‘El Mencho’

  A forensic ambulance believed to be transporting the body of Mexican drug lord Nemesio Oseguera, known as "El Mencho,"leaves the Specialized Prosecutor's Office for Organised Crime (FEMDO), following a military operation in which a government source said he was killed, in Mexico City, Mexico, February 22, 2026.  Mexico has entered a turbulent new chapter after the death of Nemesio Oseguera Cervantes, widely known as El Mencho , one of the country’s most feared cartel leaders. The Mexican military, supported by U.S. intelligence, carried out a high‑stakes raid in the western state of Jalisco that resulted in the fatal wounding of the Jalisco New Generation Cartel (CJNG) boss. He later died while being transported to Mexico City for treatment.  Authorities confirmed that the operation, conducted in Tapalpa, was part of an intensified bilateral effort to curb the production and trafficking of fentanyl and other narcotics into the United States. A specialized U.S.-led int...
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TSX Down Almost 100 Points, U.S. Markets Mixed Amid Ongoing Interest Rate Angst

 

Weakness in several sectors, including financials and utilities, led Canada’s main stock index down almost 100 points on Tuesday. Simultaneously, U.S. markets experienced a mixed day of trading. Here’s a closer look at the market dynamics:

Canadian Market Overview

  • The S&P/TSX composite index closed down 97.33 points at 21,642.87.
  • Industrials, utilities, and base metals were among the sectors that contributed to the decline.
  • Investors grappled with ongoing uncertainty surrounding interest rates, which impacted market sentiment.

U.S. Market Insights

  • U.S. equity markets showed resilience by bouncing back from Monday’s fall.
  • The Dow Jones industrial average gained 63.86 points, closing at 37,798.97.
  • The S&P 500 index dipped 10.41 points, settling at 5,051.41.
  • The Nasdaq composite declined 19.77 points, ending at 15,865.25.

Interest Rate Tensions

  • Recent strong economic data reports have made it clear that the U.S. Federal Reserve won’t cut interest rates as soon as many investors had hoped.
  • Fed Chairman Jerome Powell emphasized that the central bank needs more confidence that inflation is sustainably heading toward its target before considering rate cuts.
  • Powell’s comments sent “tremors” through the market, leading to an immediate climb in Treasury yields.

Canadian Perspective

  • In Canada, the latest inflation data supports the case for the central bank to start cutting rates.
  • March’s inflation ticked higher to 2.9%, driven by rising gas prices, but core inflation continued to cool.
  • Senior economist Jules Boudreau believes it’s only a matter of time before the Bank of Canada implements rate cuts.

Currency and Commodities

  • The Canadian dollar traded at 72.35 cents US, slightly weaker than the previous day.
  • Crude oil prices remained steady, with the May contract at US$85.36 per barrel.
  • Natural gas prices saw a modest increase, with the May contract at US$1.73 per mmBTU.

In summary, the markets remain on edge due to interest rate uncertainties. Investors are closely monitoring economic indicators and central bank decisions as they navigate this volatile landscape. Stay tuned for further developments.


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