TSX composite index takes massive drop of 1,660 points

U.S. President Donald Trump has said the United States could assume responsibility for securing the Strait of Hormuz and should charge other countries that rely on the strategic waterway for its protection. According to Trump, the financial burden of safeguarding the route should not fall solely on the United States. The Strait of Hormuz is one of the world's most important maritime trade routes, carrying a significant share of global oil and natural gas shipments. Tensions between the United States and Iran over security in the waterway have intensified in recent months. Meanwhile, Iran has w

Two people were killed and at least four others were seriously injured after a shooting during Toronto's Salsa on St. Clair street festival on Saturday evening, according to Toronto Police. Police said the shooting occurred at about 8 p.m. near St. Clair Avenue West and Arlington Avenue while approximately 13,000 people were attending the annual Latin street festival. Deputy Chief Frank Barredo said the preliminary investigation indicates the gunfire erupted during an exchange of shots between two groups who targeted each other. The sound of gunfire sent festivalgoers, including families, chil

New Brunswick Public Health has confirmed a new case of measles in the Moncton area. According to the Office of the Chief Medical Officer of Health, the infected individual had recently travelled internationally and tested positive for measles after returning to Canada. The latest case comes as measles continues to be reported across the country. On July 7, public health officials issued a public exposure notice for Toronto Pearson International Airport and two commercial flights after identifying potential measles exposure. Accordion their measles vaccinations and to seek medical advice if sy

The British Columbia government has announced plans to open new involuntary care facilities in Surrey and Prince George for people living with severe mental illness, substance-use disorders and brain injuries. According to the provincial government, the renovated facilities will add a total of 132 new beds, including 60 at a new involuntary care centre in Surrey. The expansion is intended to provide specialized treatment and care for people who require intensive support. Premier David Eby said the new facilities are designed to help people stabilize and rebuild their lives during periods of ac

Former Punjab chief minister Charanjit Singh Channi and several senior Congress leaders are scheduled to meet Punjab Congress in-charge Bhupesh Baghel on Saturday as the party continues its organisational preparations ahead of the 2027 Punjab Assembly election. Channi confirmed the meeting in a social media post, stating that senior Congress leader and MLA Rana Gurjeet Singh will host the gathering at his residence. According to Channi, the meeting will focus on various organisational matters related to the party. According to available information, former deputy chief minister Sukhjinder Sing