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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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Tragedy in Gaza: Aid Workers Killed in Bus Ambush

In a devastating attack, five Palestinian humanitarian workers from the Gaza Humanitarian Foundation (GHF) were killed when their bus was ambushed near Khan Younis in southern Gaza. The workers were part of a U.S.-backed effort to distribute food aid in the war-torn region.

Israel has blamed Hamas for the attack, stating that the militant group deliberately targeted the bus to disrupt humanitarian operations. The Israeli defense agency COGAT condemned the killings, calling them a crime against humanitarian workers and urging the international community to take action. Hamas has not commented on the incident.

The attack comes amid ongoing violence in Gaza, where Israeli airstrikes and gunfire have killed dozens of Palestinians in recent days. Despite the tragedy, GHF has vowed to continue its aid distribution efforts, providing much-needed food to the struggling population.

The humanitarian crisis in Gaza remains dire, with aid workers facing increasing dangers as they attempt to deliver essential supplies. The United Nations has criticized the current aid distribution model, warning that it fails to address the deepening hunger crisis. 

As tensions escalate, the fate of humanitarian operations in Gaza hangs in the balance, with calls for international intervention growing louder.

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