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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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Putin’s Rhetoric Escalates as He Declares “The Whole of Ukraine Is Ours

At the St. Petersburg International Economic Forum, Russian President Vladimir Putin reignited controversy by declaring that “in that sense, the whole of Ukraine is ours,” referring to his belief that Russians and Ukrainians are “one people”. While he claimed not to question Ukraine’s sovereignty, Putin emphasized that Ukraine’s 1991 declaration of independence was based on neutrality—a condition he now argues has been violated.

Putin’s remarks included a chilling proverb: “Where the foot of a Russian soldier steps, that is ours,” signaling a continued justification for territorial expansion. He also hinted at the possibility of Russian forces taking the Ukrainian city of Sumy, framing it as part of a buffer zone to protect Russian territory.

Ukrainian officials swiftly condemned the comments. Foreign Minister Andrii Sybiha called them a display of “complete disdain” for peace efforts, accusing Moscow of planning further territorial seizures and violence.

While Putin insists Russia is open to peace, his conditions—recognition of occupied territories and abandonment of NATO ambitions—are seen by Kyiv and its allies as tantamount to capitulation.

The statement marks one of Putin’s most assertive claims since the war began, casting a long shadow over any prospects for diplomatic resolution.

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