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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 Warns of Severe Retaliation Against Iran

The ongoing conflict between Israel and Iran has reached a dangerous new phase, with Israeli Defense Minister Israel Katz warning that "Tehran will burn" if Iran continues its missile strikes against Israeli territory. This statement follows a series of retaliatory attacks by Iran after Israel launched airstrikes targeting Iranian military and nuclear facilities.

Iran's response included waves of drones and ballistic missiles aimed at Israel, leading to explosions over Jerusalem and Tel Aviv. The Israeli military has urged civilians to seek shelter as tensions continue to rise. Reports indicate that at least three people have died in Israel, while Iran claims that 78 individuals have been killed and over 320 wounded in Israeli strikes.

Both nations have signaled that further attacks are imminent, raising concerns about a prolonged conflict that could destabilize the region. Israeli Prime Minister Benjamin Netanyahu has stated that his objective is to eliminate any Iranian threat, while also calling on Iranian citizens to rise against their government.

As the situation unfolds, international leaders are closely monitoring developments, with fears that the conflict could escalate beyond the borders of Israel and Iran. The prospect of renewed nuclear negotiations between Iran and the United States now appears uncertain, further complicating diplomatic efforts to de-escalate tensions.

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