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Israel Intensifies Strikes on Hezbollah Strongholds in Southern Lebanon

People and members of the Lebanese army gather at a damaged site in the aftermath of Israeli strikes in Abbasiyyeh, Tyre district, southern Lebanon Israel carried out heavy airstrikes on southern Lebanon , claiming it was targeting Hezbollah positions that were allegedly being rebuilt despite a ceasefire agreement reached last year. The Israeli military issued evacuation orders for three areas before launching the strikes, warning civilians to leave as it accused Hezbollah of attempting to restore its military infrastructure. According to Lebanese officials, smoke was seen rising from the Nabatieh district following the bombardment, while the health ministry confirmed at least one fatality from earlier strikes the same day. The full toll from the latest wave of attacks has not yet been released. The escalation comes amid growing tensions along the Israel-Lebanon border. Despite the truce brokered in late 2024 , Israel has continued to conduct operations against Hezbollah, citing s...
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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.

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