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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 Middle East: Israel and Iran Exchange Strikes as Nuclear Talks Collapse

The conflict between Israel and Iran has intensified, with both nations trading airstrikes for a third consecutive day. The escalation follows Israel’s surprise bombardment of Iran’s nuclear and military sites, which resulted in the deaths of several top Iranian generals and nuclear scientists.  

Iran retaliated with missile strikes, some of which evaded Israeli air defenses and struck buildings in major cities, including Tel Aviv. The ongoing hostilities have led to the cancellation of planned nuclear negotiations, further complicating diplomatic efforts to de-escalate tensions.  

The situation remains volatile, with world leaders urging restraint. However, neither side has shown signs of backing down, raising concerns about a prolonged conflict that could have far-reaching consequences for regional stability and global markets.

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