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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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Football Mourns: Diogo Jota and Brother Killed in Tragic Car Crash

The football world is in mourning following the devastating news that Liverpool and Portugal forward Diogo Jota, 28, and his younger brother André Silva, 26, died in a car crash in Spain early Thursday morning.

According to Spanish authorities, the brothers were traveling in a Lamborghini near the town of Cernadilla in Zamora when the vehicle suffered a **tire blowout while overtaking**, veered off the road, and caught fire. Both were pronounced dead at the scene.

Jota, who had recently celebrated his wedding on June 22 with long-time partner Rute Cardoso, leaves behind three children. His brother André was also a professional footballer, playing for Portuguese second-division side Penafiel.

Liverpool FC expressed their devastation, stating they are providing full support to the family and requesting privacy during this unimaginable time. Tributes have poured in from across the football community, including heartfelt messages from Cristiano Ronaldo, UEFA, and clubs across Europe.

Jota joined Liverpool in 2020 and quickly became a fan favorite, scoring 65 goals in 182 appearances. He was instrumental in Liverpool’s recent Premier League title win and had earned 49 caps for Portugal, contributing 14 goals.

UEFA has announced a moment of silence will be observed at all Women’s Euro 2025 matches in honor of the brothers. The Portuguese Football Federation called their deaths “irreparable losses” and vowed to honor their legacy daily.

This tragedy has left a profound void in the hearts of fans, teammates, and the global football family.

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