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Carney Treads Carefully on Trump’s ‘Board of Peace’ as Ottawa Rejects $1‑Billion Fee

                                                Carney leaves door open to paying fee to join Trump’s Gaza 'Board of Peace' Prime Minister Mark Carney is approaching U.S. President Donald Trump’s invitation to join a proposed “Board of Peace” with measured caution, signalling that Canada is open to participating but not without clearer details on how the body would function. Carney has emphasized that Canada supports efforts aimed at stabilizing Gaza, yet he wants assurances about governance, accountability, and how any financial contributions would be used. He noted that Canada’s involvement must align with its long‑standing humanitarian principles and deliver tangible benefits to civilians on the ground. Foreign Affairs Minister François‑Philippe Champagne has taken a firmer line, ruling out the idea of paying a $1‑billion membership fee report...
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Stock Market Climbs to New Heights Ahead of Powell’s Testimony

 

The stock market witnessed modest gains today, with both the S&P 500 and Nasdaq Composite achieving new record highs. Investors are keenly anticipating Federal Reserve Chair Jerome Powell’s upcoming congressional testimony, which could provide crucial insights into the future of interest rates.

  • Modest Gains: The S&P 500 rose by 0.1%, while the Nasdaq Composite saw a 0.3% increase, marking a continuation of their upward trajectory.
  • Economic Indicators: Recent jobs reports suggest a cooling labor market, leading to increased speculation about a potential rate cut by the Federal Reserve in September.
  • Corporate Updates: Notable movements in the corporate sector included Boeing’s guilty plea to a criminal conspiracy charge related to the 737 Max crashes, and Tesla’s shares turning positive, potentially extending its winning streak.
  • Cryptocurrency Watch: Bitcoin hovered near the $56,000 mark, maintaining its position despite recent sell-offs and the ongoing repayment process by the defunct crypto exchange Mt. Gox.

As the market landscape evolves, all eyes remain on Powell’s testimony and the forthcoming Consumer Price Index data, which could further influence investor sentiment and market dynamics.\

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