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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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Oil Prices Plummet as Iran Targets U.S. Military Bases, Spares Energy Infrastructure

Oil markets experienced a sharp downturn on Monday after Iran launched missile strikes on U.S. military bases in Qatar in retaliation for recent American attacks on Iranian nuclear facilities. Despite initial fears of a broader conflict, the strikes notably avoided energy infrastructure, easing concerns of immediate supply disruptions.

West Texas Intermediate crude fell over 7%, dipping below $70 per barrel, while Brent crude dropped nearly 4% to around $72. Analysts attributed the plunge to the perception that Iran’s response was calibrated to avoid escalating tensions further, particularly by not targeting oil production or export routes like the Strait of Hormuz.

The restraint shown by Iran, coupled with no reported casualties or damage to U.S. assets, led markets to believe that a wider conflict—and the resulting energy shock—might be averted for now. However, geopolitical risk remains elevated, with energy analysts warning that any future escalation involving key oil infrastructure could send prices soaring into triple digits.

As the situation develops, traders and policymakers alike are watching closely for signs of further retaliation or diplomatic de-escalation.

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