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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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Hamas Signals Openness to Ceasefire Deal Amid Renewed Diplomatic Push

In a potential breakthrough after nearly two years of conflict, Hamas has announced it responded “in a positive spirit” to a U.S.-brokered ceasefire proposal aimed at halting hostilities in Gaza. The proposal, backed by mediators Egypt and Qatar, outlines a 60-day truce that would include the phased release of Israeli hostages, increased humanitarian aid, and the start of negotiations for a permanent resolution.

Hamas confirmed it had completed internal consultations and was ready to “immediately enter a new round of negotiations” to implement the framework. The group emphasized its willingness to engage seriously with the terms, which also include a pause in Israeli military operations and surveillance flights over Gaza.

While U.S. President Donald Trump stated that Israel had agreed to the main conditions of the deal, Israeli Prime Minister Benjamin Netanyahu has yet to publicly endorse the plan. Netanyahu is expected to meet Trump in Washington next week to discuss the proposal further.

The response from Hamas has raised cautious optimism among mediators and international observers, though key issues—such as the permanence of the ceasefire and the disarmament of Hamas—remain unresolved. Still, the group’s tone marks a shift from previous deadlocked negotiations and could pave the way for renewed diplomatic momentum.

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