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TSX Slips Amid Geopolitical Jitters Over U.S. Role in Middle East Tensions
Canada’s main stock index edged lower Thursday as investors grew increasingly uneasy over the potential for U.S. military involvement in the escalating conflict between Israel and Iran. The S&P/TSX Composite Index dipped modestly, reflecting broader market caution as global tensions rattled investor confidence.
While energy stocks showed some resilience—buoyed by rising oil prices due to fears of supply disruptions in the Middle East—other sectors struggled to maintain momentum. The uncertainty surrounding U.S. foreign policy, particularly President Trump’s ambiguous stance on joining Israel’s military campaign, has added a layer of volatility to already fragile markets.
Trading volumes remained light, with U.S. markets closed for the Juneteenth holiday. Investors are also bracing for upcoming Canadian retail sales data, which could offer further insight into domestic economic resilience amid global instability.
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