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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 Lifts U.S. Sanctions on Syria in Major Foreign Policy Shift

In a sweeping move that marks a dramatic shift in U.S. foreign policy, President Donald Trump signed an executive order on Monday ending most American sanctions on Syria. The decision follows his May meeting in Riyadh with Syria’s transitional President Ahmed al-Sharaa, where Trump pledged to support Syria’s path toward stability and reintegration into the global community.

The executive order lifts decades-old economic restrictions originally imposed in response to Syria’s support for terrorism and human rights abuses under former President Bashar al-Assad. While the new order removes many of these penalties, it preserves sanctions targeting Assad, his inner circle, and individuals linked to chemical weapons, drug trafficking, and terrorism.

“This is another promise made and promise kept,” said White House Press Secretary Karoline Leavitt, emphasizing the administration’s goal to “give Syria a chance at greatness”. The move is expected to open the door for international investment and humanitarian aid, potentially revitalizing Syria’s war-torn economy.

However, not all restrictions have been lifted. The U.S. still designates Syria as a state sponsor of terrorism, and groups like Hayat Tahrir al-Sham (HTS), once led by al-Sharaa, remain on the list of foreign terrorist organizations.

The European Union and United Kingdom have reportedly followed suit, easing their own sanctions in response to the U.S. decision. While critics warn of the risks of legitimizing former militant leaders, supporters argue the move could foster peace and reconstruction in a region long plagued by conflict.



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