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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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European Diplomats to Meet Iranian Counterpart in Geneva Amid Rising Tensions


Foreign ministers from Germany, France, and the United Kingdom are set to hold high-stakes nuclear talks with Iran on Friday in Geneva, according to diplomatic sources. The meeting, which will also include the European Union’s top diplomat Kaja Kallas, comes at a time of heightened instability in the Middle East following recent military escalations between Israel and Iran.

The European delegation aims to persuade Iran to commit to using its nuclear program solely for civilian purposes. Talks are expected to be followed by a structured expert-level dialogue, coordinated with the United States.

Iranian Foreign Minister Abbas Araghchi confirmed his attendance, stating, “We will meet with the European delegation in Geneva on Friday,” as reported by state media. The discussions are seen as a renewed diplomatic push to prevent further escalation and revive elements of the 2015 nuclear agreement, which has unraveled in recent years.

The backdrop to these talks includes Israel’s recent airstrikes on Iranian targets and Tehran’s retaliatory missile launches. European leaders have called for de-escalation and are positioning diplomacy as the only viable path forward. 

The outcome of Friday’s meeting could prove pivotal in shaping the next phase of international engagement with Iran’s nuclear ambitions.

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