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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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Hossein Salami: The Revolutionary Guard Leader Who Shaped Iran’s Military Strategy

 


Hossein Salami, the commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), was killed in Israeli airstrikes targeting Iran’s military and nuclear sites. His death marks a significant moment in the ongoing tensions between Iran and Israel.

Born in 1960, Salami joined the IRGC in 1980 during the Iran-Iraq war. Over the years, he rose through the ranks, eventually becoming the head of the IRGC in 2019. Under his leadership, the IRGC expanded its influence across the Middle East, supporting allied groups in Syria, Lebanon, and Iraq. He was known for his hardline stance against Israel and the United States, frequently delivering speeches that threatened retaliation against perceived enemies.

Salami played a crucial role in Iran’s military strategy, overseeing its ballistic missile program and directing operations against Israeli and U.S. interests. His leadership saw Iran launch direct attacks on Israel, including a massive drone and missile strike last year. His death is expected to have significant repercussions for Iran’s military operations and regional strategy.

With Salami’s passing, Iran’s leadership faces a critical moment in determining its next steps. His legacy as a staunch defender of Iran’s military ambitions will undoubtedly shape the country’s response to the latest developments.

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