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Tunnel Standoff Threatens Fragile Gaza Ceasefire

              Palestinian Hamas militants attend an anti-Israel rally in Khan Younis, in the southern Gaza Strip Efforts to solidify a U.S.-brokered ceasefire between Israel and Hamas are facing a serious obstacle: hundreds of Hamas fighters remain trapped in underground tunnels , refusing to surrender. Mediators have been pressing both sides to move forward with the second phase of the truce, but the stalemate over the fighters has become a central sticking point. The ceasefire, which began last month after two years of devastating conflict, has so far held tenuously. Israel has returned the bodies of several Palestinians, while Hamas has handed over remains of Israeli hostages, signaling incremental progress. Yet the tunnel issue in Rafah threatens to unravel these gains. Hamas appears willing to negotiate safe passage for its fighters in exchange for preserving the truce, but Israel is demanding stricter terms, including possible detention o...
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TSX Hits Record High as Fed Chief Signals Rate Cuts

 

Canada’s main stock index surged to a new all-time high on Friday, driven by a broad-based rally. The catalyst? U.S. Federal Reserve Chair Jerome Powell’s endorsement of imminent interest rate cuts.

At 10:41 a.m. ET (14:41 GMT), the S&P/TSX Composite Index reached 22,574.65, surpassing its previous record. Energy and financial sectors led the gains, fueled by optimism that rate cuts could bolster the economy and stave off recession.

This marks a significant milestone for Canadian investors, with the TSX adding 1% for the week, its third consecutive week of gains.

Stay tuned for further updates as the market responds to Powell’s remarks!


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