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Israel Expands Military Targets Amid Rising Tensions with Hezbollah

  Israel has intensified its military strategy along the Lebanon border, ordering the destruction of bridges over the Litani River and the demolition of homes near the frontier as tensions with Hezbollah escalate. The move follows recent cross‑border attacks and marks a significant expansion of Israel’s operational objectives.  Israel has ordered its military to destroy all bridges over Lebanon’s Litani River and accelerate the demolition of homes near the Israeli border, according to statements from Defense Minister Israel Katz. The directive comes amid heightened clashes with Hezbollah, which have intensified alongside broader regional conflict dynamics.  The decision follows a deadly incident in which an Israeli civilian was killed near the border after what authorities described as a projectile launched from Lebanese territory. Israeli officials say the targeted bridges are being used to facilitate the movement of Hezbollah fighters and weapons toward the south, ma...
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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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