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Territorial Disputes Dominate Geneva Peace Talks

US President Donald Trump's son-in-law Jared Kushner, US Special Envoy Steve Witkoff, US Secretary of State Marco Rubio, US Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak  (not pictured) on ending Russia's war in Ukraine, at the US Mission in Geneva, Switzerland. Negotiators from Russia and Ukraine convened in Geneva for a new round of U.S.-mediated peace talks, with territorial disputes emerging as the central point of contention. The discussions, held over two days, come amid heightened pressure from U.S. President Donald Trump, who has urged Kyiv to “come to the table fast” in pursuit of a settlement.  Both sides remain deeply divided over land claims, which have become the primary obstacle to progress. The Kremlin has signaled that territorial issues will dominate the agenda, while Ukrainian President Volodymyr Zelenskyy has voiced concerns that Kyiv is facing disproportionate p...
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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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