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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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Market Jitters: Stocks Slide as Trump Revives Tariff Threats

Wall Street faced renewed uncertainty as Dow Jones, S&P 500, and Nasdaq futures dipped following President Trump's latest tariff threats. Investors reacted cautiously to his remarks about imposing unilateral levies on trading partners, a move that could disrupt global trade dynamics.  

The Dow Jones Industrial Average edged down to 42,865.77, slipping 1.10 points from its previous close. The S&P 500 dropped 16.57 points, settling at 6,022.24, while the Nasdaq Composite fell 99.11 points to 19,615.88.  

Trump reiterated his stance on trade negotiations, stating that letters outlining tariff rates would be sent to trading partners within weeks. This announcement comes as the Federal Reserve prepares for its upcoming policy meeting, where officials will assess inflation trends and potential interest rate adjustments.  

Meanwhile, Boeing shares took a hit after reports of a deadly plane crash in India, adding to market volatility. Investors are also eyeing upcoming wholesale inflation data, which could provide further insight into economic conditions.  

With geopolitical tensions and trade uncertainties mounting, market participants remain on edge, awaiting further clarity on U.S. trade policy and its broader economic impact.

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