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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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Netanyahu Hails "Historic Victory," Vows Continued Campaign Against Iran and Hamas

Israeli Prime Minister Benjamin Netanyahu has declared what he called a “historic victory” following a 12-day conflict with Iran, asserting that Israel has successfully dismantled Tehran’s nuclear capabilities and neutralized major missile threats. In a video address, Netanyahu stated, “We have removed two immediate existential threats to us—the threat of nuclear annihilation and the threat of annihilation by 20,000 ballistic missiles”.

The Prime Minister credited U.S. President Donald Trump for his unprecedented support, highlighting American military strikes that reportedly destroyed Iran’s underground enrichment facility at Fordow. Netanyahu emphasized that Israel would act with the same “determination and strength” if Iran attempted to revive its nuclear program.

Despite the ceasefire, Netanyahu made it clear that Israel’s campaign is far from over. He reaffirmed his commitment to defeating Hamas and securing the release of hostages still held in Gaza since the October 2023 attacks.

The announcement has drawn mixed reactions globally, with some praising the strategic success and others raising concerns about the long-term implications for regional stability.

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