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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index  rose 0.3% , adding 74.4 points  to settle at 25,971.9 .  This latest surge marks a 2.4% weekly gain , reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase , while Basic Materials saw a slight dip of 0.2% .  Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions . With 74% of TSX-listed stocks closing higher , the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks.  Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.

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Macron Stands Firm Amid Political Turmoil, Vows to Appoint New Prime Minister

 

In a defiant televised address, French President Emmanuel Macron has rejected calls to step down following the ousting of Prime Minister Michel Barnier in a historic no-confidence vote. Macron, who is halfway through his second and final term, promised to appoint a new prime minister within days to navigate the country through its current political crisis.

The no-confidence vote, which marked the first time a French government has been toppled in over 60 years, was driven by a coalition of far-right and left-wing factions. Macron criticized these groups for creating an "anti-republican front" and accused them of prioritizing their political agendas over the needs of the French people.

Despite the political upheaval, Macron emphasized his commitment to fulfilling his five-year mandate, which ends in 2027. He stated that the new prime minister's primary task would be to form a government capable of passing the 2025 budget, a critical step to ensure the continuity of public services and economic stability.

Macron's decision to stand firm comes as France faces significant economic challenges, including a substantial budget deficit. The president acknowledged the difficulties ahead but expressed confidence in the country's ability to overcome them, drawing parallels to the successful reconstruction of Notre Dame Cathedral after the 2019 fire.

As the nation awaits the appointment of a new prime minister, Macron's leadership will be crucial in steering France through this period of uncertainty and ensuring that the government remains functional and effective.





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