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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 Supreme Leader Stands Firm Against U.S. Demands

Iran’s Supreme Leader Ayatollah Ali Khamenei has firmly rejected U.S. President Donald Trump’s call for unconditional surrender, emphasizing that Iran will not bow to external pressure. In a televised statement, Khamenei declared that neither peace nor war could be imposed on the Islamic Republic, warning that any U.S. military intervention would result in irreparable damage.

Trump’s demand comes amid escalating tensions between Iran and Israel, with ongoing airstrikes and retaliatory attacks fueling concerns of a broader conflict. Khamenei’s response underscores Iran’s determination to resist foreign influence, reinforcing the nation’s stance against external threats.

As diplomatic efforts falter, the international community watches closely, hoping for a resolution that avoids further escalation. The situation remains fluid, with both sides weighing their next moves in this high-stakes geopolitical standoff.

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