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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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Trump Blocks Israeli Assassination Plan Amid Rising Tensions

In a dramatic turn of events, former U.S. President Donald Trump reportedly vetoed an Israeli plan to assassinate Iran’s Supreme Leader, Ayatollah Ali Khamenei. According to U.S. officials, Israel had presented a credible opportunity to eliminate Khamenei, but Trump intervened, citing concerns about escalating the conflict further.

The decision comes amid heightened tensions between Israel and Iran, with both nations engaging in military strikes. Trump, who has maintained close communication with Israeli Prime Minister Benjamin Netanyahu, has been advocating for diplomatic solutions rather than direct military action. His administration has been working to prevent the conflict from spiraling into a broader regional war.

Israeli officials have neither confirmed nor denied the reports, with Netanyahu dismissing many claims as false. Meanwhile, Trump has expressed optimism about a potential peace deal between Israel and Iran, stating that negotiations are ongoing.

The revelation underscores the delicate balance of power in the Middle East and the challenges of navigating international diplomacy amid ongoing hostilities.

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