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Kyiv Rejects Pressure to Surrender More Donbas Territory

  The Ukrainian delegation on the first day of the third round of the trilateral talks (with the US and Russia) in Geneva. Ukraine has firmly dismissed suggestions that it should concede additional territory in the Donbas region, despite reported pressure from the United States to consider territorial compromises as part of potential negotiations with Russia. Ukrainian officials reiterated that any settlement requiring the country to relinquish more land is unacceptable and incompatible with the principles of sovereignty and international law. Kyiv maintains that yielding territory would reward aggression and undermine long‑term security not only for Ukraine but for Europe as a whole. Ukrainian leaders argue that Russia’s continued military operations demonstrate that concessions would not bring peace, only encourage further demands. The U.S. has not publicly confirmed any push for territorial compromise, though some American officials have reportedly floated negotiation scenari...
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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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