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The Blame Game: Russia and Ukraine's Stalled Peace Efforts

Russia and Ukraine continue to exchange accusations over the faltering peace process, highlighting the complexities of resolving their ongoing conflict. Moscow has accused Ukrainian President Volodymyr Zelensky of obstructing diplomacy, while Kyiv claims Russian President Vladimir Putin is determined to prolong the war.  The issue of Crimea remains a major sticking point, with Zelensky refusing to recognize the peninsula as part of Russia, a stance that has drawn criticism from various quarters. Meanwhile, Russia's recent missile and drone strikes on Kyiv have intensified tensions, leading Ukrainian officials to assert that Moscow's actions undermine peace efforts.  Both sides appear entrenched in their positions, with Russia demanding concessions and Ukraine insisting on a just peace. As the conflict drags on, the prospects for meaningful negotiations seem increasingly bleak.  !
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TSX Futures Slide Amid Global Market Turmoil

 

Futures linked to Canada’s main stock index took a tumble on Tuesday, echoing the brutal sell-off seen across global markets on Monday. The trigger? Recession fears in the United States.

September futures on the S&P/TSX index were down 1.8% at 6:48 a.m. ET (10:48 GMT). Investors worldwide scrambled toward safe-haven assets after weaker U.S. economic data last week raised concerns about a recession in the world’s largest economy.

While investor sentiment was partially soothed by a rebound in U.S. services sector activity and signals of rate cuts from Federal Reserve policymakers, the benchmark U.S. S&P 500 and Nasdaq both closed 3% lower on Monday.

Canadian markets were closed for a holiday, but attention remains on domestic employment figures due later this week and a host of Fed policymakers scheduled to speak throughout the month.

In corporate news, Suncor Energy and iA Financial are set to report their quarterly figures after the closing bell today.

Commodities at 6:48 a.m. ET:

  • Gold futures: $2,423 (+0.5%)
  • U.S. crude: $73.32 (+0.5%)
  • Brent crude: $76.62 (+0.4%)

Stay tuned for further updates as the market volatility continues.





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