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

Trump Pushes for a "Real End" to Iran's Nuclear Program Amid Rising Tensions

U.S. President Donald Trump has reiterated his stance on Iran’s nuclear ambitions, stating that he seeks a "real end" to the issue rather than a temporary ceasefire. His comments come as the conflict between Israel and Iran escalates, with airstrikes and missile exchanges intensifying.

Speaking aboard Air Force One after departing early from the G7 summit in Canada, Trump emphasized that Iran must "give up entirely" on its nuclear program. He dismissed claims that his return to Washington was related to ceasefire negotiations, asserting that his focus is on a broader resolution. 

The ongoing hostilities between Israel and Iran have raised concerns among world leaders, with calls for de-escalation growing louder. Trump has hinted at the possibility of sending senior officials, including U.S. Middle East Envoy Steve Witkoff or Vice President JD Vance, to engage with Iranian representatives. However, he remains firm in his position that Iran "cannot have a nuclear weapon".

As tensions continue to rise, the international community watches closely to see whether diplomatic efforts will lead to a resolution or if the conflict will further escalate.

Labels:

Comments

Post a Comment

Popular Posts