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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index  rose 0.3% , adding 74.4 points  to settle at 25,971.9 .  This latest surge marks a 2.4% weekly gain , reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase , while Basic Materials saw a slight dip of 0.2% .  Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions . With 74% of TSX-listed stocks closing higher , the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks.  Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.

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Firefighters Make Progress Against Southern California Wildfire Amid Dry, Windy Conditions

 

Officials report that firefighters have made significant strides in containing a large wildfire burning in steep, hard-to-reach areas north of Los Angeles. However, the battle is far from over as hot, dry, and windy weather poses ongoing challenges.

The Post Fire, which threatened critical infrastructure, reached 20% containment by Monday night. The fire’s explosive growth over the weekend along Interstate 5—the main north-south route on the West Coast—was fueled by strong winds. These same winds are expected to continue pushing the fire southward.

Structures such as power lines, dams, and oil pipelines remain at risk. Residents of Castaic, home to about 19,000 people, were warned to prepare for evacuation if the fire advanced southward.

The fire has scorched over 24 square miles (61 square kilometers) and forced the evacuation of campers, off-roaders, and hikers from the Hungry Valley recreation area. Most of the 1,000-plus firefighters assigned to the blaze are focused on its southern edge near Pyramid Lake, which was closed as a precaution.

In addition to the Post Fire, other wildfires are active in California. The Aero Fire in Calaveras County has burned nearly 8 square miles (20 square kilometers), leading to evacuation orders. Meanwhile, a sparsely populated area near Lake Sonoma is dealing with a wildfire that has charred almost 2 square miles (5 square kilometers).

Despite a slow start to fire season after back-to-back wet winters, the threat remains real. Let’s hope for continued progress and safety for both firefighters and affected communities.

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