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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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Iran’s Diplomatic Challenges in Rallying Global South Amid Mideast Tensions

As tensions escalate between Iran and Israel—with the United States maintaining its longstanding support for Tel Aviv—Tehran has intensified its efforts to court countries across the Global South. Yet, despite historic anti-colonial sympathies and widespread criticism of U.S. foreign policy among these nations, Iran has found it difficult to transform this rhetorical alignment into concrete diplomatic backing.

Many countries in Africa, Asia, and Latin America have called for de-escalation and the protection of civilians but have stopped short of explicitly siding with Iran. Analysts suggest that economic ties, regional stability concerns, and Iran’s own polarizing reputation have made states wary of jeopardizing their international relationships. Moreover, some Global South nations have pursued neutral or balancing positions, seeking to avoid being drawn into a broader geopolitical struggle.

Meanwhile, Iran continues to amplify its messaging in multilateral forums such as the Non-Aligned Movement and through media outlets that resonate with southern audiences. But without broader geopolitical shifts or changes in its own foreign policy posture, Tehran may find that shared grievances against the West are not enough to galvanize active support.



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