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Global Markets Update: Wall Street Returns, Oil Slips on Iran Deal Hopes — May 26, 2026

  U.S. markets reopen this Tuesday after the Memorial Day long weekend to a cautiously optimistic tone, with S&P 500 futures pointing higher and oil prices pulling back on signals that a U.S.–Iran ceasefire framework may be within reach. The TSX is open for regular trading, while European markets also add gains. Here is your full daily rundown. Canada — TSX & Loonie Index / Rate Level Change S&P/TSX Composite 34,471 +0.18% CAD / USD 0.7241 +0.07% Bank of Canada Rate 2.25% On hold The TSX opened for a full session today — Victoria Day was observed last week (May 18) and is now in the rear-view mirror. The composite index finished Friday at 34,471, buoyed by strength in materials and financials, while the energy sub-index lagged slightly as crude prices retreated. The Canadian dollar is trading near 72.4 U.S. cents (USD/CAD ~1.38), finding modest support from elevated oil prices even as a stronger greenback — underpinned by the U.S. Federal Reserve's higher-for-longer st...
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Tragedy Strikes: Deadly Stampede in India Due to Overcrowding and Lack of Exits

In a heart-wrenching incident at a religious festival in Northern India, a deadly stampede claimed the lives of at least 121 people. The tragedy unfolded due to a combination of factors, including massive overcrowding, insufficient exits, and treacherous, slippery mud.

Thousands of people had gathered at the event, and as they rushed to leave a makeshift tent, chaos ensued. The lack of proper exits exacerbated the situation, leading to panic and a fatal crush. Emergency responders worked tirelessly to rescue victims and provide medical aid, but the toll was devastating.

Local official Manish Chaudhry confirmed that five more people lost their lives on Wednesday morning, and 28 others remained hospitalized. The scene was one of grief, with family members mourning their loved ones who fell victim to this preventable disaster.

As authorities investigate the incident, questions arise about safety protocols, crowd management, and infrastructure planning. The loss of so many lives underscores the urgent need for better precautions during large gatherings, ensuring that tragedy does not strike again.


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