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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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Midnight Blast Shakes Gaza Skyline Amid Rising Tensions

 

A powerful explosion lit up the northern Gaza Strip early Sunday morning, visible from southern Israel just after midnight GMT. The cause of the blast remains unknown, and no official statements have been released regarding its origin or impact.

Eyewitnesses in southern Israel reported seeing a large fireball followed by plumes of smoke rising over the Gaza skyline. The incident adds to the already volatile atmosphere in the region, where military operations and cross-border hostilities have intensified in recent months.

While speculation continues about whether the explosion was the result of an airstrike, internal conflict, or accidental detonation, authorities have yet to confirm any details. The blast comes amid ongoing negotiations between Israeli and Palestinian representatives, with international pressure mounting for a ceasefire and humanitarian relief.

As the situation develops, observers remain on edge, watching for signs of escalation or resolution in one of the world’s most enduring and complex conflicts.

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