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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. Warns Hezbollah Against Entering Iran-Israel Conflict

In a pointed diplomatic message, U.S. Special Envoy for Syria Thomas Barrack cautioned Hezbollah against joining the escalating war between Iran and Israel, calling such a move a “very, very, very bad decision.” Speaking from Beirut during his visit to Lebanon, Barrack emphasized that the U.S. strongly opposes any expansion of the conflict, particularly by Tehran-backed Hezbollah.

Barrack, who also serves as the U.S. ambassador to Turkey, met with Lebanese officials including Parliament Speaker Nabih Berri, a known ally of Hezbollah. While Hezbollah has condemned Israel’s strikes on Iran and expressed solidarity with Tehran, it has so far refrained from direct military involvement.

The warning comes amid heightened regional tensions, with both Iran and Israel exchanging missile strikes and the international community urging restraint. Hezbollah, still recovering from heavy losses in last year’s war with Israel, has remained cautious despite its rhetoric.

Barrack reiterated Washington’s support for Lebanon’s sovereignty and the importance of keeping the country out of broader regional hostilities. His visit underscores U.S. efforts to prevent further destabilization in the Middle East.

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