Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Tensions Rise in Los Angeles as US Marines Deploy Amid Protests

Hundreds of US Marines arrived in Los Angeles on Tuesday under orders from President Donald Trump, escalating tensions in the city as protests continued for a fifth consecutive day. The deployment follows a series of immigration raids that have sparked widespread demonstrations, with California Governor Gavin Newsom warning that "democracy is under assault".

The protests, initially peaceful, have seen increasing clashes between demonstrators and law enforcement. In response to violence and looting, Los Angeles Mayor Karen Bass imposed a curfew over parts of downtown. Police reported 197 arrests on Tuesday alone, more than doubling the total number of arrests since the protests began.

Governor Newsom has strongly opposed the federal troop deployment, calling it an "illegal waste of resources" and filing a lawsuit against the Trump administration to block the move. Trump, in turn, defended his decision, stating that the protests represent "a full-blown assault on peace, public order, and national sovereignty".

As tensions mount, demonstrators continue to rally against the immigration policies that triggered the unrest. With thousands of National Guard troops also deployed, the situation in Los Angeles remains volatile, raising concerns about the broader implications of federal intervention in state affairs.

Labels:

Comments

Post a Comment

Popular Posts