Skip to main content

Featured

TSX Steadies After Bond Rout | Canadian Money Brief — May 19, 2026

  TSX Steadies After Bond Rout — But Iran Uncertainty Keeps a Lid on Gains Canadian equities attempt a cautious bounce this morning after last week's sharp sell-off. Oil near US$100 props up energy shares, while gold cools in Canadian-dollar terms and the loonie holds a fragile grip at 72–73 cents US. Canadian Money Brief  ·  moneysavings.ca  ·  May 19, 2026 TSX ~34,020 ▲ Recovering CAD/USD $0.727 → Flat WTI Oil ~US$100 ▲ Elevated Gold (CAD) ~$6,243/oz ▼ Pullback BoC Rate On Hold → Patient Overview Canadian markets opened cautiously higher this Tuesday after the S&P/TSX Composite suffered its worst single-session drop in weeks on Friday, closing at 33,833 — a decline of 1.27% — as a global bond-market selloff combined with stalled US–Iran negotiations hammered sentiment. Today's session opened around 34,027 , with the index trading in a tight range of roughly 33,745 to 34,175, suggesting investors are rebuilding positions but remain wary. The dominant story...
Post a Comment
Read more

article

Labels

Turkey Calls for Islamic Unity Against Israel’s Gaza City Plan

 

                                    A Palestinian boy carries a stroller at the site of an Israeli strike on a house, in Gaza City


In a strong diplomatic appeal, Turkish Foreign Minister Hakan Fidan urged Muslim nations to unite in opposition to Israel’s proposed takeover of Gaza City. Speaking at a joint press conference in El-Alamein, Egypt, alongside Egyptian Foreign Minister Badr Abdelatty, Fidan emphasized the urgency of coordinated action through the Organisation of Islamic Cooperation (OIC), which has been summoned for an emergency meeting.

Fidan described Israel’s plan as a dangerous escalation, accusing it of aiming to displace Palestinians through starvation and permanent occupation. Egypt echoed Turkey’s condemnation, with Abdelatty calling the move “inadmissible” and warning of its destabilizing impact on the region.

The OIC Ministerial Committee issued a statement denouncing the plan as a violation of international law and a threat to any future peace efforts. Meanwhile, international mediators from Egypt, Qatar, and the United States continue to push for a ceasefire between Israel and Hamas.

Israel has rejected these characterizations, maintaining that its actions are in response to Hamas’s October 2023 attack, which claimed 1,200 lives.

This latest diplomatic push underscores growing concern among Muslim-majority nations over the humanitarian and geopolitical consequences of Israel’s Gaza strategy.

Labels:

Comments

Post a Comment