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Tensions Rise as Cuba Reports Deadly Clash With Florida-Based Speedboat

  Vice President JD Vance came to the Capitol to break the tie, meaning he vote was 51-50 for a Republican point of order to dismiss the war powers resolution. Cuba has reported a deadly confrontation off its northern coast, saying its forces killed four people aboard a Florida‑registered speedboat that allegedly opened fire on Cuban border troops. According to Cuba’s Interior Ministry, the vessel was detected roughly one nautical mile northeast of the El Pino canal in Cayo Falcones before the encounter escalated.  When Cuban Border Guard officers approached the boat for identification, those on board reportedly began shooting, injuring the commander of the Cuban patrol vessel. Cuban forces returned fire, killing four and wounding six others, who were later evacuated for medical treatment.  The incident comes at a moment of heightened tension between Cuba and the United States, with officials still working to determine the identities and motives of those aboard the spe...
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TSX Futures Subdued as Commodity Prices Weigh on Investor Optimism


In the premarket trading, futures for Canada’s main stock index remained subdued due to a decline in commodity prices. Despite optimism following the index nearing a record high in the previous session, lower commodity prices have tempered expectations. Let’s dive into the details.

The S&P/TSX composite index on the Toronto Stock Exchange had recently reached its highest level in four weeks. This rally was triggered by the U.S. Federal Reserve’s decision to leave its key interest rate unchanged at its last meeting, coupled with indications that the next move would likely be a rate cut.

However, commodities took a hit. Both precious and base metals saw price declines, partly due to a stronger U.S. dollar, which made commodities relatively more expensive. Oil prices also fell, driven by industry data showing an accumulation of crude and fuel inventories in the U.S. Additionally, cautious supply expectations ahead of an OPEC+ policy meeting contributed to the decline in oil prices.

Investors are closely monitoring employment data for April in Canada and weekly jobless claims in the U.S. for further insights. Meanwhile, Suncor Energy, the second-largest oil producer in Canada, beat first-quarter profit estimates, supported by robust demand for refined products and record oil sands production.

In summary, while optimism persists, the drag from sliding commodity prices is keeping TSX futures in check. Investors are navigating this delicate balance as they await economic data and corporate earnings reports.


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