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TSX Drops 303 Points as June Inflation Data

Canada’s main stock index fell more than 300 points after Statistics Canada showed June inflation at 2.8%, with weaker consumer prices not providing a lift to equities as oil prices rose amid US-Iran tensions. Financial stocks led declines even as some tech and energy names advanced, and global oil prices and geopolitical risk kept pressure on markets.

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Photo: Graham Cole / Wikimedia Commons (CC BY-SA 2.0)

Sunrise Expansion Construction Begins, Boosts BC LNG

Enbridge has begun the $4‑billion Sunrise Expansion on the Westcoast natural gas system in British Columbia, adding up to 300 million cubic feet per day of capacity through roughly 140 kilometres of new pipeline and 11 looping segments to support LNG exports such as Woodfibre while keeping Indigenous participation an option. Government and industry supporters say the project will boost Canada’s GDP, create about 2,500 construction jobs, generate roughly $700 million in tax revenue, and emphasize domestic steel use and Indigenous collaboration as part of Canada's energy-and-reconciliation agenda.

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