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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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Former President Joe Biden Diagnosed with Aggressive Prostate Cancer

 

Former U.S. President Joe Biden has been diagnosed with an aggressive form of prostate cancer, his office announced on Sunday. The 82-year-old former leader sought medical attention last week after experiencing urinary symptoms, leading to the discovery of a prostate nodule. 

Biden's diagnosis was confirmed on Friday, with reports indicating that the cancer has metastasized to his bones. Despite the severity of the disease, his office stated that the cancer appears to be hormone-sensitive, which allows for effective management. 

The former president and his family are currently reviewing treatment options with his physicians. Biden has previously made cancer research a priority, launching initiatives aimed at reducing cancer-related deaths during his time in office. 

This is a developing story, and further updates are expected as Biden and his medical team determine the best course of action.

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