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Greek Tanker Struck by Missile in Black Sea, Crew Emerges Unharmed

  A Greek‑flagged tanker sailing near the Russian port of Novorossiysk was struck by a missile but remained operational, and all 24 crew members were confirmed safe.   A Greek‑owned and Greek‑flagged tanker sustained material damage after being hit by a missile while sailing approximately 14 nautical miles off the Russian port of Novorossiysk in the Black Sea. According to authorities, the vessel—operated by Maran Gas Maritime—was not carrying cargo at the time of the strike and continued to navigate safely following the incident.  All 24 crew members on board, including ten Greek nationals, thirteen Filipinos, and one Romanian, were reported to be in good health. The impact caused damage to the starboard side of the ship, but no assistance or towing was required. The tanker remained fully operational, and no environmental pollution was reported.  Greek officials have condemned the attack as dangerous and unacceptable, noting that the incident occurred amid height...
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S&P/TSX Composite Index Faces Broad-Based Decline Amidst U.S. Market Strength

 

 Canada’s main stock index, the S&P/TSX composite, closed lower on Wednesday in a broad-based decline. The subdued trading session coincided with U.S. markets being closed for the Juneteenth holiday.

The key points are as follows:

  1. Market Performance:

    • The S&P/TSX composite index closed 94.40 points lower at 21,516.90.
    • This decline continues a trend that has seen the TSX index down approximately 4.4% over the last month.
    • In contrast, the S&P 500 in New York has risen by 3.5% during the same period.

  2. Two Markets, Different Trajectories:

    • Michael Currie, senior investment adviser at TD Wealth, highlighted the divergence between U.S. and Canadian markets. While the U.S. market remains strong, Canada’s market has been weakening.
    • Currie stated, “It’s certainly not crashing by any stretch, but the general trend has been negative, and that seems to be more of what’s continuing today.”

  3. Sector Performance:

    • The industrial and health care sectors led the declines, down approximately 0.95% and 1.1%, respectively.
    • Financials were down 0.5%, and energy declined by about 0.2%.
    • The Canadian dollar traded at 72.94 cents US, slightly higher than the previous day.

  4. Bank of Canada’s Decision:

    • The Bank of Canada recently lowered its key rate for the first time in over four years. Deliberations around this decision showed some hesitancy, but markets still anticipate another rate cut in July.
    • There is concern that as rates decrease, the Canadian dollar (the loonie) may weaken against the U.S. dollar.

  5. Commodity Markets:

    • Commodity markets were also closed due to the U.S. holiday.

In summary, while the S&P/TSX composite index experienced a decline, the broader context involves contrasting market trajectories between Canada and the U.S. Investors will closely watch further developments and central bank decisions in the coming weeks.


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