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G7 Foreign Ministers Meet in Niagara to Hear Ukraine’s Plea Amid Escalating War

Top diplomats from the Group of Seven (G7) nations gathered in Niagara-on-the-Lake, Ontario , for high-stakes talks with Ukraine’s Foreign Minister as Russia intensifies its assault on Ukraine’s power grid. The meeting, hosted by Canada’s Foreign Affairs Minister Anita Anand , comes at a critical moment as rolling blackouts sweep across Ukraine ahead of winter. Foreign ministers from Canada, the United States, the United Kingdom, France, Germany, Italy, Japan, and the European Union posed for a family photo before beginning discussions. Ukraine’s foreign minister is expected to brief the group on the humanitarian and security consequences of Russia’s latest attacks, which have left millions vulnerable to freezing temperatures. The summit is not limited to Ukraine. Ministers are also addressing broader geopolitical challenges, including instability in the Middle East and shifting trade relationships. Still, Ukraine remains the centerpiece of the agenda, with G7 leaders reaffirming ...
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Canadian Markets Hold Steady as Investors Await Jobs Data

 

Futures tied to Canada’s main stock index were little changed on Friday morning, as traders adopted a cautious stance ahead of the release of September’s employment report. December futures on the S&P/TSX index slipped just 0.05% in early trading.

Economists expect the data to show a modest gain of 5,000 jobs, with the unemployment rate edging up to 7.2%. The report is being closely watched for signals on whether the Bank of Canada may deliver another interest rate cut at its October 29 policy meeting, following last month’s reduction—the first since March.

On Thursday, the S&P/TSX composite index fell to a one-week low, weighed down by a pullback in gold prices. Despite the dip, the benchmark remains up more than 22% this year, supported by strong commodity markets. Gold, which surged past $4,000 an ounce earlier this week, edged higher again Friday, while silver also gained ground. Oil prices, however, slipped after geopolitical tensions in the Middle East eased.

In corporate news, JPMorgan upgraded First Quantum Minerals to “overweight” from “neutral,” offering a boost to the mining sector.


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