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Israel and Lebanon Agree to 10‑Day Ceasefire as Trump Announces Breakthrough

  Israel and Lebanon Reach 10‑Day Ceasefire Following Trump Announcement Israel and Lebanon have agreed to a 10‑day ceasefire set to begin at 5 p.m. EST, according to U.S. President Donald Trump, who said the truce followed “excellent conversations” with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun.  The ceasefire comes after more than six weeks of intense fighting between Israel and Hezbollah, the Iran‑backed armed group operating in southern Lebanon. The conflict has resulted in over 2,000 deaths in Lebanon and displaced more than a million residents, while Israel has maintained a 10‑kilometre security zone in southern Lebanon. Trump stated that both leaders agreed to begin the truce to pursue peace, adding that he plans to invite them to the White House for the first direct talks between the two countries since 1983. Lebanese officials have welcomed the ceasefire, though Hezbollah has said its adherence depends on Israel halting all attacks....
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TSX Slips from Record High Amid Trade Deal Uncertainty and Sector Pressures

 


Toronto Stock Exchange Retreats as Investors Weigh U.S.-EU Trade Deal

Canada’s main stock index, the S&P/TSX Composite, pulled back from its record high on Monday, closing down 0.5% at 27,356.44 points. The retreat was driven largely by declines in mining stocks and investor caution surrounding a newly announced trade framework between the United States and the European Union.

Sector Performance Highlights

  • Mining stocks dropped 2.4%, with New Gold falling 6.6% after releasing its Q2 earnings.
  • Energy stocks rose 1.2%, buoyed by higher oil prices.
  • Financials and consumer discretionary sectors also saw declines, reflecting broader market unease.

Trade Deal Impact The U.S.-EU trade agreement, announced Sunday, includes a 15% tariff on most EU goods and a commitment from the EU to invest approximately $600 billion in the U.S.. While the deal aims to avert a tariff escalation ahead of the August 1 deadline, uncertainty remains, especially regarding Canada’s role. President Trump hinted that a U.S.-Canada trade agreement may not be imminent, raising concerns among Canadian investors.

Looking Ahead Investors are now turning their attention to upcoming central bank decisions and earnings reports from major tech firms. The U.S. Federal Reserve and Bank of Canada are both expected to maintain current interest rates, but market participants will be watching closely for signals of future policy shifts.

The TSX’s retreat underscores the market’s sensitivity to global trade developments and sector-specific pressures. With volatility likely to persist, investors remain cautious as they navigate a complex economic landscape.

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