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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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Trump and Zelenskiy Pledge Closer Defense Ties Amid Surge in Russian Attacks

U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy held a high-stakes phone call on Friday to address Ukraine’s urgent defense needs as Russian drone and missile strikes intensify across the country. The leaders discussed expanding deliveries of Patriot missile systems and launching joint defense production initiatives to bolster Ukraine’s air shield.

The conversation followed a dramatic escalation in the conflict, with Russia unleashing its largest drone assault on Kyiv since the war began—just hours after Trump’s reportedly “disappointing” call with Russian President Vladimir Putin.

Zelenskiy emphasized the need for continued U.S. military support, particularly advanced air defense systems, and confirmed that both sides agreed to arrange meetings between their teams to coordinate further cooperation. Trump, for his part, pledged to review halted weapons shipments and explore ways to resume critical supplies.

Germany has also entered talks to purchase Patriot systems to help bridge Ukraine’s defense gap, signaling a broader international effort to reinforce Kyiv’s defenses.

The call marks a pivotal moment in U.S.-Ukraine relations, as both leaders navigate shifting geopolitical dynamics and the urgent need to counter Russia’s escalating aggression.

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