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TSX Slumps as Central Banks Hold Steady

  Canada’s Main Index Suffers Sharpest Drop Since May The Toronto Stock Exchange’s S&P/TSX composite index fell 169.92 points, or 0.6%, to close at 27,369.96 on Wednesday, marking its steepest single-day decline in ten weeks. The drop followed a record high the previous day, underscoring investor unease as both the U.S. Federal Reserve and the Bank of Canada opted to keep interest rates unchanged. The materials sector led the retreat, sliding 2.1% amid tumbling copper and gold prices. Financials and technology also posted losses, down 0.6% and 0.5% respectively, as eight of the index’s ten major sectors ended in the red. Market sentiment soured after the Fed’s decision to hold rates steady offered no clear timeline for future cuts, disappointing investors hoping for dovish signals. Meanwhile, the Bank of Canada maintained its benchmark rate at 2.75% for the third consecutive meeting, citing reduced risks of a global trade war. Among individual stocks, Capital Power Corp sa...
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Aid Suspended Amid Accusations and Denials in Gaza

Israel has temporarily halted humanitarian aid deliveries to Gaza following claims that Hamas was seizing supplies meant for civilians. The decision, announced by Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz, came after footage surfaced showing masked men on aid trucks—interpreted by some as evidence of Hamas interference.

However, Gazan clan leaders strongly denied these allegations. The Higher Commission for Tribal Affairs stated that the masked men were not militants but local clan members safeguarding the aid from looting. They emphasized that the operation was “solely through tribal efforts” and not affiliated with any political faction, including Hamas.

The suspension is expected to last two days while the Israeli military drafts a new plan to prevent aid diversion. Meanwhile, humanitarian organizations warn of worsening conditions, as Gaza continues to face acute shortages of food and essential supplies after nearly two years of conflict.

The situation underscores the fragile balance between security concerns and humanitarian needs in the region.

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