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Tehran Signals Defiance as Supreme Leader Vows Retaliation and Strait Closure

  A man holds a picture of Iran's new supreme leader, Mojtaba Khamenei, while people attend a funeral ceremony for the Iranian military commanders who were killed in strikes, in Tehran Iran’s Supreme Leader issued his first public remarks following the deaths of senior Iranian commanders, vowing that the country will “avenge the martyrs” and maintain the closure of the strategic Strait of Hormuz until what he described as “justice” is served. His comments, delivered during a nationally broadcast address, underscore a sharp escalation in rhetoric at a moment of heightened regional tension. The Supreme Leader framed the recent losses as sacrifices in the defense of Iran’s sovereignty, promising that those responsible “will face consequences.” He also reaffirmed Iran’s decision to keep the Strait closed, a move that has already disrupted global shipping routes and rattled energy markets. The strait, one of the world’s most critical chokepoints for oil transport, has long been a flas...
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Celestica Powers TSX to Record High Amid Commodity Strength and Earnings Optimism

 

                                                                 Toronto Stock Exchange building

TSX Surges to Record High as Celestica Soars and Commodities Rally

The S&P/TSX Composite Index surged to a new all-time high of 27,539.88, buoyed by strong corporate earnings and rising commodity prices. The index gained 134.46 points, or 0.49%, continuing its bullish momentum despite mixed signals from global markets.

One of the standout performers was Celestica Inc. (TSX:CLS), which jumped 4.24% following the release of its impressive Q2 2025 earnings report. The Toronto-based tech firm posted $2.89 billion in revenue, a 21% increase year-over-year, and adjusted EPS of $1.39, beating analyst expectations. CEO Rob Mionis cited strong demand from cloud and connectivity customers and raised the company’s full-year revenue forecast to $11.55 billion, up from $10.85 billion.

Meanwhile, commodity prices lent further support to the resource-heavy TSX. Gains in energy and industrial sectors offset declines in mining and materials, which were pressured by falling gold prices. Top gainers included TFI International, Lightspeed Commerce, and Orla Mining, each rising over 4%.

Despite some volatility in global trade news and cautious investor sentiment ahead of central bank rate decisions, Canadian equities remain resilient. Investors are now watching closely for updates from the Bank of Canada and the U.S. Federal Reserve, both set to announce policy decisions later this week.


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