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Carney Joins G20 Leaders in Johannesburg as Bloc Moves Forward Without U.S.

PM Carney in Johannesburg as G20 members agree to release a declaration without U.S. Prime Minister Mark Carney arrived in Johannesburg, South Africa , for the historic G20 summit, the first ever held on African soil. The gathering has been overshadowed by a U.S. boycott , yet leaders from across the globe have agreed to move ahead with a joint declaration, signaling a determination to maintain unity despite Washington’s absence. South African officials confirmed that the declaration will address pressing global challenges, including inclusive economic growth, climate change, food systems, and clean energy . Carney participated in sessions focused on reforming financing for development in the morning, followed by discussions on sustainability in the afternoon. The declaration, adopted unanimously by the remaining members, is being hailed as a symbolic victory for Africa’s growing role in global governance. Carney also held bilateral meetings with leaders from France, Jamaica, Norway...
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TSX Climbs Following Bank of Canada's Rate Cut

 

Canada's main stock index, the S&P/TSX Composite, continued its upward trajectory today, buoyed by the Bank of Canada's decision to reduce interest rates. The index rose by 95.91 points, or 0.38%, reaching 25,600.24 points.

Investors welcomed the rate cut, which is expected to lower borrowing costs and stimulate economic activity. The move comes amid concerns about sluggish economic growth, despite inflation remaining within the target range.

The materials sector, particularly mining stocks, saw significant gains, contributing to the overall positive market sentiment. Additionally, oil prices rose on expectations of increased demand from China, which announced a relaxation of its monetary policy.

Analysts remain optimistic about the TSX's performance, with some predicting continued growth into the next year.




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