Skip to main content

Featured

Tensions Rise as Cuba Reports Deadly Clash With Florida-Based Speedboat

  Vice President JD Vance came to the Capitol to break the tie, meaning he vote was 51-50 for a Republican point of order to dismiss the war powers resolution. Cuba has reported a deadly confrontation off its northern coast, saying its forces killed four people aboard a Florida‑registered speedboat that allegedly opened fire on Cuban border troops. According to Cuba’s Interior Ministry, the vessel was detected roughly one nautical mile northeast of the El Pino canal in Cayo Falcones before the encounter escalated.  When Cuban Border Guard officers approached the boat for identification, those on board reportedly began shooting, injuring the commander of the Cuban patrol vessel. Cuban forces returned fire, killing four and wounding six others, who were later evacuated for medical treatment.  The incident comes at a moment of heightened tension between Cuba and the United States, with officials still working to determine the identities and motives of those aboard the spe...
Post a Comment
Read more

article

Labels

TSX Futures Slip as Markets Brace for Key Economic Data

 

                                        The facade of the original Toronto Stock Exchange building is seen in Toronto.


Futures tied to Canada’s main stock index edged lower Friday, with investors turning cautious ahead of domestic GDP figures and a closely watched U.S. inflation report. As of early morning trade, S&P/TSX index futures were down 0.21%.

The pullback comes after the benchmark index ended flat on Thursday, as traders locked in profits from earlier gains driven by strong bank earnings. Markets are now focused on the U.S. personal consumption expenditures (PCE) price index — the Federal Reserve’s preferred inflation gauge — due later today. The data could influence expectations for a September interest rate cut, with current odds at over 85%.

In Canada, June GDP is expected to show a modest 0.1% monthly gain, but second-quarter growth is forecast to contract 0.6% on an annualized basis. The figures will be closely watched for signs of tariff impacts and to gauge the Bank of Canada’s next policy move.

Oil prices slipped on demand concerns as the U.S. summer driving season winds down, though they remain on track for a weekly gain. Gold prices also eased but are set for a monthly advance.

Canada’s benchmark index is heading toward its fourth consecutive monthly gain, supported by easing trade tensions and resilient corporate earnings.

Labels:

Comments

Post a Comment