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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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Pentagon Clarifies Intent Behind Iran Strikes Amid Rising Tensions

In a high-stakes moment for Middle East stability, U.S. Defense Secretary Pete Hegseth emphasized that recent American military strikes on Iranian nuclear facilities were not intended to trigger regime change. Speaking from the Pentagon, Hegseth stated the operation was a precision mission aimed at neutralizing threats posed by Iran’s nuclear program, not a broader political upheaval.

The operation, dubbed Operation Midnight, involved a formidable show of force: 14 bunker-buster bombs, over two dozen Tomahawk missiles, and more than 125 military aircraft. Initial assessments suggest severe damage to all three targeted sites.

Despite the scale of the attack, the U.S. has reportedly sent private messages to Tehran encouraging diplomatic engagement. Meanwhile, Iran has retaliated with missile strikes on Israel, injuring civilians and damaging infrastructure in Tel Aviv. However, it has so far held back from directly targeting U.S. forces or disrupting oil shipments through the Strait of Hormuz—a move that could escalate the conflict dramatically.

General Dan Caine confirmed that U.S. forces in the region remain on high alert, prepared to respond to any further Iranian retaliation or proxy attacks.

This development adds another layer of volatility to a region already strained by prolonged conflicts in Gaza, Lebanon, and Syria.

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