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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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Erdogan Accuses Israel of Undermining Iran Nuclear Negotiations


Turkish President Recep Tayyip Erdogan has sharply criticized Israel for its recent military actions against Iran, claiming they were deliberately timed to derail upcoming nuclear negotiations between Tehran and the United States. Speaking at a meeting of the Organisation of Islamic Cooperation (OIC) in Istanbul, Erdogan argued that the strikes demonstrated Israel’s unwillingness to resolve regional tensions through diplomacy.

He urged nations with influence over Israel to resist what he described as its “poison” and instead support dialogue to prevent further escalation. Erdogan also called on Muslim-majority countries to intensify efforts to hold Israel accountable under international law and United Nations resolutions.

The comments come amid a backdrop of heightened conflict between Israel and Iran, with both sides exchanging missile strikes and diplomatic efforts in Geneva showing little progress. Erdogan’s remarks underscore Turkey’s positioning as a vocal advocate for diplomatic solutions in the Middle East.

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