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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's Public Disagreement with Intelligence Chief on Iran Raises Eyebrows

In a rare public rebuke, former President Donald Trump contradicted his own Director of National Intelligence over the assessment of Iran's nuclear ambitions. The moment, which sparked significant attention, unfolded after intelligence officials testified before Congress, suggesting that Iran was not actively pursuing a nuclear weapon at that time—a conclusion grounded in the intelligence community's most recent findings.

Trump dismissed this view, asserting that Iran remained a significant threat and that his administration's pressure campaign, including sanctions and withdrawal from the 2015 nuclear deal, was justified.

"I disagree with certain aspects of the intelligence community’s assessment," Trump said during a press interaction. "They’re wrong when it comes to Iran and their nuclear intentions."

This public split between the president and top intelligence officials sparked concern among policymakers and analysts, who viewed it as a potential sign of disconnect between the White House and its national security apparatus. Critics argued it undermined the credibility of the intelligence community, while supporters claimed it reflected Trump’s unfiltered style and determination to follow his own instincts on foreign policy.


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