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Shifting Justifications Complicate Trump’s Case for Conflict With Iran

                 T rump's stated objectives for Iran war shifted from regime change to talks with whoever leads Iran. Growing debate surrounds President Donald Trump’s efforts to justify potential military action against Iran, as the administration’s stated objectives have shifted over time. Analysts and lawmakers have noted that the rationale has moved between deterring Iranian aggression, preventing nuclear escalation, responding to regional threats, and promoting long‑term stability in the Middle East. These evolving explanations have raised questions about the administration’s strategic clarity and long‑term goals. The administration has emphasized Iran’s regional activities, including support for proxy groups and threats to U.S. personnel, as central concerns. At other moments, officials have highlighted nuclear non‑proliferation as the primary objective, pointing to Iran’s enrichment activities and the need to prevent further esca...
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TSX set to end the year on a positive note amid global recovery hopes

The Toronto Stock Exchange (TSX) is expected to open higher on Friday, the last trading day of 2023, as investors remain optimistic about the global economic recovery from the pandemic.

The TSX closed at a record high of 23,456.78 on Thursday, boosted by gains in energy, financials, and materials sectors. The index has risen more than 20% this year, outperforming its U.S. peers, as Canada’s economy rebounded from the COVID-19 crisis.

The positive sentiment was also supported by the latest data showing that Canada’s GDP grew by 0.4% in October, beating expectations of a 0.2% increase. The growth was driven by the services sector, which expanded by 0.6%, while the goods-producing sector contracted by 0.1%.

On Friday, the TSX futures were up 0.3% at 7:30 a.m. ET, indicating a higher open for the cash market. The Canadian dollar was trading at 79.32 U.S. cents, slightly lower than Thursday’s close of 79.36 U.S. cents.

Meanwhile, the U.S. stock futures were also pointing to a higher open, as Wall Street looked to end the year with record highs. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite have gained 18.7%, 26.9%, and 21.4% respectively this year, as the U.S. economy recovered from the pandemic-induced recession.

The U.S. markets will close early at 1 p.m. ET on Friday, while the TSX will close at its regular time of 4 p.m. ET. Both markets will be closed on Monday, January 1, 2024, for the New Year’s Day holiday.

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