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Fed Shockwaves Send Markets Lower as Metals Tumble

  U.S. stocks finished a volatile week in the red as the Dow, S&P 500, and Nasdaq all slipped on Friday, reflecting renewed anxiety across financial markets. The downturn followed President Trump’s decision to tap former Federal Reserve governor Kevin Warsh as his preferred choice to lead the central bank — a move that immediately stirred debate about the future path of interest rates. Warsh has historically leaned hawkish, though he has more recently echoed Trump’s calls for rate cuts. That mixed record left investors uncertain about how aggressively the Fed might act under his leadership, especially at a time when inflation pressures and uneven economic data continue to shape the outlook. The dollar strengthened on expectations of a more assertive Fed stance, adding further weight to commodities. Metals saw some of the sharpest fallout. Gold, which had surged earlier in the month, dropped sharply and broke below a key psychological threshold. Silver also suffered a steep decl...
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High Heat Wave Sweeps Ontario: Widespread Warnings Issued by Environment Canada

 

Ontario is sweltering under a prolonged heat wave, with Environment Canada sounding the alarm about dangerously high temperatures. Communities across the province, from southwestern Ontario to the Quebec border, are at risk. Vulnerable individuals, including older adults and young children, face heightened health risks as temperatures soar. In the Greater Toronto Area and Ottawa, humidity could make it feel as hot as 45°C. Even regions further north are bracing for humidex values in the low to mid-40s. This unusual heat event, exacerbated by climate change, underscores the importance of staying hydrated, avoiding strenuous activities during peak heat, and checking on neighbors. Let’s all keep cool and look out for one another during this scorching weather.

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