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Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs  on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations. The S&P 500 rose 0.52% to 6,204.95 , while the Nasdaq climbed 0.48% to 20,369.73 , both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points , closing at 44,094.77. Canada’s TSX Composite Index also surged , reflecting investor confidence in the domestic economy and easing geopolitical tensions. Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S.. Meanwhile, the Canadian dollar (loonie) rebounded  from last week’s dip, recovering g...
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Patience in Diplomacy: Kremlin Responds to Trump's Ukraine Push

 

The Kremlin has emphasized the need for patience in diplomatic efforts following U.S. President Donald Trump's recent call for progress in resolving the ongoing conflict in Ukraine. Kremlin spokesperson Dmitry Peskov stated that while discussions between Moscow and Washington are progressing well, it is unrealistic to expect immediate results due to the strained relations inherited from the previous administration.

Trump, who has expressed a desire to be remembered as a peacemaker, has been vocal about ending the "bloodbath" in Ukraine. His special envoy, Steve Witkoff, recently held extensive talks with Russian President Vladimir Putin in St. Petersburg. Despite these efforts, Peskov highlighted the complexity of restoring bilateral relations and achieving a peace deal, describing the process as requiring "serious and painstaking work."

The conflict in Ukraine, which began with Russia's 2022 invasion, remains a significant point of contention between Moscow and the West. While European leaders have called for Russia's defeat on the battlefield, Putin frames the war as a broader struggle against Western encroachment on Russia's sphere of influence.

Diplomatic efforts continue, but both sides acknowledge that rebuilding trust and finding a resolution will take time and perseverance.

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