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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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"Nationwide 'No Kings' Protests Draw Hundreds of Thousands in Opposition to Trump"

 

In a powerful display of dissent, hundreds of thousands of protesters gathered across the United States on Saturday to participate in the "No Kings" protests—a nationwide movement opposing President Donald Trump's policies and leadership. Demonstrators filled streets, parks, and plazas in cities from coast to coast, waving signs and chanting slogans that called for the protection of democracy and human rights.

The protests coincided with Trump's lavish military parade in Washington, D.C., celebrating the U.S. Army's 250th anniversary and marking the president's 79th birthday. Organizers of the "No Kings" movement framed the demonstrations as a direct response to what they view as Trump's authoritarian tendencies, particularly his hardline immigration policies and budget cuts.

While most rallies remained peaceful, tensions flared in some locations. In San Francisco, a driver reportedly plowed into a group of protesters, injuring several individuals in what authorities are investigating as a possible intentional act. Meanwhile, in Los Angeles, police clashed with demonstrators, deploying tear gas and batons as crowds refused to disperse.

Despite the challenges, protesters remained resolute. "We are here to defend democracy," said one demonstrator in Philadelphia, where thousands gathered in Love Park before marching to the steps of the Philadelphia Museum of Art. Similar scenes unfolded in Atlanta, State College, and Manatee County, where citizens voiced their concerns about Trump's leadership and policies.

The "No Kings" movement, which organized nearly 2,000 protests nationwide, emphasized its commitment to peaceful civil resistance. "From city blocks to small towns, from courthouse steps to community parks, we're taking action to reject authoritarianism," read a statement from the movement's website.

As the protests unfolded, Trump dismissed the demonstrations, warning that any disruptions to the military parade would be met with "heavy force". However, the sheer scale of the protests underscored the deep divisions in the country and the growing opposition to his administration.

With the 2024 presidential election looming, the "No Kings" protests serve as a stark reminder of the political tensions gripping the nation—and the determination of those who refuse to remain silent.

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