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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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Tehran Erupts in Protest Amid Escalating Iran-Israel Tensions

Thousands of demonstrators filled the streets of Tehran on Friday, voicing fierce opposition to Israel and the United States in the wake of ongoing military clashes between Iran and Israel. The protests, which followed Friday prayers, featured chants of “Death to Israel” and “Death to America,” as crowds waved Iranian flags and held aloft images of Supreme Leader Ayatollah Ali Khamenei.

The demonstrations were sparked by recent Israeli airstrikes targeting Iranian military and nuclear sites. In response, Iran launched a barrage of missiles and drones toward Israeli cities, intensifying fears of a broader regional conflict.

Protesters in Tehran were joined by similar rallies across the region, including in Iraq and Lebanon, where Iran-backed groups expressed solidarity with Tehran. Iranian state media described the protests as a show of “rage and victory,” underscoring the country’s defiance in the face of international pressure.

Religious leaders addressing the crowds framed the conflict as a test of national unity and resistance. “Their plans were precise, but their calculations were laughable,” said one cleric, referring to Israel’s military strategy.

As diplomatic efforts continue in Geneva to de-escalate the crisis, the scenes from Tehran reflect a population bracing for what could become a prolonged and volatile confrontation.

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