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U.S. Threatens Harsher Economic Pressure on Iran as Mediators Rush to Secure Second Ceasefire Talks

  A woman walks past a digital screen displaying news of US-Iran peace talks along a road in Islamabad on April 10, 2026 The United States has warned it will step up economic pressure on Iran while mediators race to arrange a second round of ceasefire talks before the fragile truce expires on April 22, 2026 — a standoff that risks higher oil prices, tighter global markets, and direct costs for Canadian households and investors.   Background and diplomatic timeline A two‑week ceasefire that paused nearly seven weeks of fighting was brokered to create a narrow diplomatic window for talks between Washington and Tehran. The first round of face‑to‑face negotiations in Islamabad lasted more than 20 hours but ended without an agreement, leaving the truce set to expire on April 22, 2026 unless mediators secure a follow‑up session.  Mediators led by Pakistan, with active roles from Turkey, Egypt and other regional actors, have been shuttling between capitals to bridge the remaini...
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Condo market slump: GTA projects cancelled amid low demand


According to a report released today, The Greater Toronto Area (GTA) is experiencing a slowdown in condominium sales, with builders shelving dozens of new condo projects due to low sales. The number of new condominiums started construction in the GTA has hit a 10-year low of 1,798 units, down 72% from the second quarter of 2022.


The report also suggests that rising interest rates and market uncertainty have contributed to the decline in sales. Urbanation’s Q3-2023 Condominium Market Survey reveals that the number of condos sold in the Toronto region failed to reach the 3,000 mark, with only 2,664 new condo units sold throughout the GTA during the third quarter of this year .


The report attributed the surge in cancellations to a combination of factors, including rising construction costs, supply chain disruptions, labour shortages, financing challenges, and changing consumer preferences. Urbanation's president, Shaun Hildebrand, said that the GTA condo market is undergoing a "major correction" and that developers are facing "unprecedented headwinds" in bringing their projects to completion.




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