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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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U.S. Strikes Decimate Iranian Nuclear Sites, Trump Warns of "Far Greater" Consequences

In a dramatic escalation of tensions in the Middle East, former U.S. President Donald Trump announced that American airstrikes had "completely and fully obliterated" three of Iran’s key nuclear facilities. The strikes targeted the Fordow, Natanz, and Isfahan sites—locations long suspected of housing uranium enrichment operations.

Speaking from the White House, Trump hailed the operation as a “spectacular military success,” emphasizing that all aircraft involved had returned safely. He warned Tehran that any retaliation would be met with even more severe consequences, stating, “There will either be peace or there will be tragedy for Iran”.

Iran’s government confirmed the attacks but insisted its nuclear program would continue. Officials reported no immediate signs of radioactive contamination and accused the U.S. of launching a “dangerous war” in coordination with Israel, which has been engaged in its own military campaign against Iran for over a week.

The international community has responded with alarm. The United Nations is convening an emergency session, and European leaders have called for restraint amid fears of a broader regional conflict.

This marks the first direct U.S. military strike on Iranian soil in the context of its nuclear program—a move that could reshape the geopolitical landscape in the region.

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