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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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Tensions Rise as Israel Issues Evacuation Warnings in Yemen Amid Trump’s Gulf Visit


Israel has issued evacuation warnings for three seaports in Yemen—Ras Issa, Hodeidah, and Salif—following reports that the Iran-aligned Houthi group launched a missile toward Israeli territory. The warning comes as former U.S. President Donald Trump visits Saudi Arabia, Qatar, and the United Arab Emirates, engaging in diplomatic discussions amid ongoing regional conflicts.

The Houthis have been targeting Israel with missiles and drones, citing solidarity with Palestinians in Gaza as their motivation. In response, Israel has carried out multiple airstrikes on Houthi positions in Yemen. Trump, who previously intensified military operations against the Houthis, recently agreed to an Oman-mediated ceasefire deal with the group, though the agreement does not include Israel.

As tensions escalate, global leaders are closely monitoring the situation, with concerns over the impact on international shipping lanes and regional stability. The unfolding developments highlight the complex geopolitical landscape in the Middle East, where alliances and conflicts continue to shape the future of diplomacy and security.

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