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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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Diplomacy on the Brink: Europe Seeks Dialogue as U.S. Weighs Military Action

In a tense geopolitical moment, European foreign ministers are making a concerted push to revive diplomatic talks with Iran amid escalating tensions in the Middle East. The E3—comprising the United Kingdom, France, and Germany—alongside the European Union’s foreign policy chief, are set to meet Iranian officials in Geneva in a last-ditch effort to de-escalate the crisis surrounding Iran’s nuclear program.

This diplomatic outreach comes as former U.S. President Donald Trump signals he may support Israeli military action against Iran, following the collapse of U.S.-Iran negotiations and Israel’s recent Operation Rising Lion targeting Iranian nuclear and missile facilities. Trump has stated he will decide within two weeks whether to authorize U.S. involvement.

European diplomats, frustrated by what they view as unrealistic U.S. demands, are attempting to bridge the gap by engaging Iran directly—something Washington cannot currently do due to Tehran’s refusal to negotiate while Israeli strikes continue. The talks in Geneva are seen as a critical opportunity to prevent further escalation, though expectations for a breakthrough remain low.

Iran, for its part, has reiterated its commitment to diplomacy but insists that any meaningful dialogue must be accompanied by pressure on Israel to halt its military campaign.

As the world watches closely, the outcome of these talks could determine whether the region steps back from the brink—or plunges deeper into conflict.

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