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Russia Deploys Kalibr-Armed Warship to Mediterranean Amid Rising Tensions

On July 13, 2025, Russia deployed three warships to the Mediterranean Sea, one of which is armed with Kalibr cruise missiles , according to a report from the Ukrainian Navy. The missile carrier is capable of launching up to four Kalibr missiles , adding a new layer of strategic presence in the region. At the same time, Ukrainian officials confirmed that no Russian naval vessels  were detected in the Black Sea or the Sea of Azov  ,marking a shift in maritime focus. Over the past 24 hours, six vessels transited the Kerch Strai t toward the Black Sea, with three continuing toward the Bosphorus Strait , while five ships entered the Sea of Azov. This deployment comes amid ongoing hostilities in Ukraine, where Russian forces reportedly suffered significant losses in recent combat engagements. Analysts suggest the move may be part of a broader effort by Moscow to project power beyond its immediate borders , especially as tensions remain high across multiple fronts. The presence of Ka...
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Markets Soar to Record Highs as Loonie Rebounds Amid Trade Optimism

North American stock markets kicked off July with a bang, as the TSX, S&P 500, and Nasdaq all closed at record highs on Monday, buoyed by strong tech performance and renewed optimism around global trade negotiations.

The S&P 500 rose 0.52% to 6,204.95, while the Nasdaq climbed 0.48% to 20,369.73, both notching fresh all-time highs. The Dow Jones Industrial Average added 275 points, closing at 44,094.77. Canada’s TSX Composite Index also surged, reflecting investor confidence in the domestic economy and easing geopolitical tensions.

Driving the rally were heavyweight tech stocks like Nvidia, Meta, and Microsoft, which continued to benefit from investor enthusiasm around artificial intelligence and digital transformation. The momentum was further supported by Canada’s decision to scrap its digital services tax, a move seen as a goodwill gesture to advance trade talks with the U.S..

Meanwhile, the Canadian dollar (loonie) rebounded from last week’s dip, recovering ground against the U.S. dollar after a string of declines. The recovery was aided by stabilizing oil prices and expectations that the Bank of Canada may hold off on further rate cuts amid improving economic signals.

With a pivotal week ahead—including key economic data releases and a looming July 9 tariff deadline—investors remain cautiously optimistic. But for now, the markets are celebrating a strong start to the second half of 2025.

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