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Daily Markets Update: TSX Slips From 2-Month High as Hot U.S. Inflation Fuels Fed Hike Bets (Nov. 11, 2026)

  Canadian Money Brief • Daily Markets Update • Wednesday, November 11, 2026 Stocks on both sides of the border gave back ground on Tuesday after a hotter-than-expected U.S. inflation report strengthened bets that the Federal Reserve will raise rates in December. Canada’s S&P/TSX Composite fell 0.76% to 36,170.45, retreating from Monday’s two-month high as gold slumped and miners sold off. On Wednesday, Asia and Europe mostly rose on an AI-chip rebound, and Remembrance Day means Canadian and U.S. bond markets are closed while stock markets stay open. S&P/TSX 36,170.45 ▼ 0.76% S&P 500 7,520.93 ▼ 0.38% NASDAQ 25,065.87 ▼ 0.74% NIKKEI (WED) 61,248.59 ▲ 1.3% Canada and U.S. figures are Tuesday, Nov. 10 closes. Nikkei is Wednesday’s close in Tokyo. Canada: TSX Retreats After Monday’s Surge The S&P/TSX Composite lost 275.81 points on Tuesday, giving back part of Monday’s 657-point jump to its highest close since Sept. 4. Materials were the biggest drag, falling nearly 4%...

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U.S. Mediation in Russia-Ukraine Conflict Hangs by a Thread

The United States has issued a stern warning to Russia and Ukraine, emphasizing the need for concrete proposals to end the ongoing war. U.S. Secretary of State Marco Rubio stated that the U.S. might withdraw from its role as mediator if both nations fail to demonstrate seriousness in their peace negotiations. This marks a critical juncture in the diplomatic efforts to resolve the conflict.

The warning comes amid heightened tensions, with renewed military activity in eastern Ukraine and disagreements over proposed ceasefires. Russian President Vladimir Putin has suggested a limited three-day ceasefire, which Ukraine has criticized as insufficient. Meanwhile, Ukrainian officials have expressed concerns that parts of the U.S. peace plan align too closely with Russian demands.

The U.S. has called for a durable and comprehensive resolution, built on mutual concessions and respect for international law. However, frustration within the U.S. administration is growing, as measurable progress remains elusive. Analysts warn that the absence of a trusted mediator could further escalate the conflict, jeopardizing regional and global stability.

The clock is ticking for Moscow and Kyiv to present viable solutions, as the U.S. considers redirecting its diplomatic focus elsewhere. The stakes are high, and the world watches closely as this complex diplomatic drama unfolds.

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