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Mass Displacement in Lebanon After Intensified Israeli Evacuation Warnings

                                                     Displaced people walk outside a school-turned-shelter, in Beirut Tens of thousands of Lebanese civilians have been forced into shelters after what officials described as “unprecedented” evacuation warnings issued by the Israeli military. Local authorities estimate that around 100,000 people have fled their homes in southern Lebanon within a short period, seeking safety in schools, public buildings, and makeshift community centers. The warnings follow a sharp escalation in cross‑border hostilities, with Israeli forces expanding the areas they instructed residents to evacuate. Lebanese municipalities and humanitarian groups say the pace and scale of displacement have overwhelmed available shelter capacity, leaving many families without adequate access to food, medical care, or basi...
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S&P/TSX Composite Falls 1.2% as U.S. Markets Show Mixed Performance

Canada’s main stock index, the S&P/TSX Composite, declined by 1.2% on Thursday. The losses were primarily driven by weakness in the energy, financial, and base metal sectors. Meanwhile, U.S. markets displayed mixed performance. Here are the key details:

  • S&P/TSX Composite Index: Closed down 263.44 points at 21,698.11.
  • U.S. Markets:
    • Dow Jones Industrial Average: Down 65.11 points at 38,647.10.
    • S&P 500 Index: Up 12.71 points at 5,433.74.
    • Nasdaq Composite: Up 59.13 points at 17,667.56.

Notably, U.S. wholesale inflation data came in weaker than expected, raising the possibility of a second interest rate cut in the U.S. this year. The Federal Reserve’s stance remains data-dependent, and market watchers are closely monitoring economic indicators.

In Canada, expectations point to three or four rate cuts by year-end. The tech sector led gains in U.S. equity markets, with chipmakers like Broadcom and Nvidia performing well.

Commodity prices also saw movement:

  • July crude oil contract: Up 12 cents at US$78.62 per barrel.
  • July natural gas contract: Down nine cents at US$2.96 per mmBTU.
  • August gold contract: Down US$36.80 at US$2,318.00 per ounce.
  • July copper contract: Down nine cents at US$4.48 per pound.

The Canadian dollar traded at 72.75 cents US compared to 72.99 cents US on the previous day. 

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