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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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Pope Leo XIV Urges Diplomacy Amid Escalating Israel-Iran Conflict

Pope Leo XIV has issued a heartfelt appeal for restraint and dialogue as tensions between Israel and Iran continue to escalate following a series of airstrikes. Speaking at St. Peter’s Basilica on Saturday, the pontiff expressed deep concern over the ongoing violence and urged both nations to act with "responsibility and reason".

"In such a delicate moment, I strongly wish to renew an appeal to responsibility and to reason," Pope Leo stated, emphasizing the need for diplomatic solutions over military action. He called for a commitment to building a safer world free from nuclear threats, advocating for respectful encounters and sincere dialogue to foster lasting peace.

The Pope’s remarks come amid a volatile exchange of airstrikes that has resulted in civilian casualties and heightened fears of broader regional instability. His message underscores the Vatican’s longstanding position on global peace efforts, urging world leaders to prioritize reconciliation and security for all.

With international calls for de-escalation growing, Pope Leo’s appeal adds moral weight to the push for diplomatic resolution. "No one should ever threaten the existence of another," he affirmed, stressing the duty of all nations to support peace initiatives and promote solutions that ensure dignity and security for all.

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