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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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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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