Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Texas Flood Tragedy: 24 Dead, Dozens of Campers Still Missing After Guadalupe River Surge

A catastrophic flash flood swept through central Texas early Friday morning, leaving at least 24 people dead and dozens more missing, including over 20 young girls from a summer camp along the Guadalupe River.

The disaster struck before dawn, as torrential rains—up to 12 inches in some areas—caused the river to rise more than 25 feet in under two hours. Camp Mystic, an all-girls Christian summer camp located near Hunt, was hit especially hard. Authorities confirmed that 23 campers remain unaccounted for.

Texas Governor Greg Abbott declared a state of disaster across 15 counties and vowed that “no resource will be spared” in the ongoing search and rescue efforts. The Texas National Guard has already evacuated over 230 people, many by helicopter, and operations are continuing around the clock.

“This happened very quickly, over a very short period of time that could not be predicted,” said Kerrville City Manager Dalton Rice, describing the flood’s rapid onset.

President Donald Trump, speaking from Air Force One, pledged federal support for the affected communities, calling the event “shocking” and promising, “We’ll take care of them”.

As families wait anxiously for news, officials are urging the public to avoid the area and allow emergency crews to work without interference. The full extent of the devastation is still unfolding, with hundreds initially reported missing and widespread damage across the Texas Hill Country."**


Labels:

Comments

Post a Comment

Popular Posts