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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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Russia Dismisses Israeli Concerns Over Iran’s Nuclear Intentions

In a recent diplomatic exchange, Russia informed Israel that it sees *no evidence* suggesting Iran is pursuing nuclear weapons. The statement, reported by Sky News Arabia, comes amid heightened tensions in the Middle East as Israel continues its military campaign targeting Iranian nuclear facilities.

Russia’s position aligns with Tehran’s longstanding claim that its nuclear program is solely for peaceful purposes. Moscow has also expressed readiness to support Iran in developing a civilian nuclear energy program, further reinforcing its stance.

This development adds a new layer to the already complex geopolitical landscape. While Israel maintains that Iran is edging closer to weaponization, other international actors—including the International Atomic Energy Agency—have offered more cautious assessments, noting Iran’s uranium enrichment levels but stopping short of confirming weaponization efforts.

Russia’s message appears to be a strategic move to de-escalate the situation and assert its influence in the region, especially as it deepens its alliance with Tehran. Whether this will temper Israel’s military actions or shift international consensus remains to be seen.

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