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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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Escalation in the Gulf: A Defining Moment in Trump’s Foreign Policy

In a move that reverberated across global capitals, the Trump administration authorized military strikes on Iranian assets, marking one of the most consequential and high-stakes decisions of his presidency. The action followed mounting tensions in the Gulf region, fueled by accusations that Tehran had been behind attacks on oil tankers and U.S. surveillance drones.

The strikes, though limited in scope, carried profound implications. They underscored President Trump’s unpredictable approach to international conflicts—eschewing prolonged military campaigns while simultaneously projecting strength. Critics argue this gamble risked spiraling into a broader conflict, destabilizing an already volatile region and drawing the U.S. deeper into Middle Eastern power struggles.

Supporters, on the other hand, viewed the strikes as a necessary assertion of American resolve in the face of escalating provocation. The episode crystalized the administration’s approach: heavy on deterrence, light on diplomacy, and deeply reliant on the president’s instinct-driven decision-making.

Whether the move succeeded in altering Tehran’s calculus remains uncertain. But one thing is clear—this marked a pivotal chapter in the Trump administration’s legacy on the world stage.


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