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Larry Summers Retreats from Public Life Amid Epstein Email Fallout

    Larry Summers, professor at Harvard University, during an interview in New York, on Sept. 17, 2025. Larry Summers, former U.S. Treasury Secretary and ex-president of Harvard University, announced he will step back from public engagements following the release of thousands of emails linking him to convicted sex offender Jeffrey Epstein. Summers described himself as “deeply ashamed” of his actions, acknowledging the pain caused by his continued communication with Epstein long after the financier’s 2008 conviction. The House Oversight Committee recently published more than 20,000 documents from Epstein’s estate, including extensive correspondence between Summers and Epstein. The emails revealed that their relationship persisted until at least 2019, just before Epstein’s arrest on sex trafficking charges. In some exchanges, Epstein attempted to connect Summers with influential global figures, while Summers sought advice on personal matters. Summers issued a statement ...
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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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