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Trump Pushes Iran Strike Deadline Into April Amid Intensifying Regional Tensions

Onlookers watch from a window the site of a residential building damaged by a strike, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 27, 2026.  U.S. President Donald Trump has extended the deadline for Iran to reopen the Strait of Hormuz or face strikes on its energy infrastructure, moving the cutoff to April 6 at 8 p.m. EDT (April 7 GMT) . The decision follows Tehran’s rejection of a 15‑point U.S. proposal aimed at ending the conflict, which has already spread across the Middle East and disrupted global energy markets.  The conflict, now in its fourth week, has resulted in thousands of casualties and sent oil and fertilizer prices soaring, fueling global inflation concerns. The United States and Israel began striking Iranian targets on February 28 after nuclear negotiations failed to produce a deal. Trump stated that talks are “going very well,” though Iran denies any direct engagement with Washington.  Trump’s extension comes after he previously pau...
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Bank of Canada Holds Interest Rate Steady Amidst Economic Slowdown

 


The Bank of Canada has announced that it will maintain its benchmark interest rate at 5% as the economy shows signs of slowing down. This marks the fourth consecutive hold by the bank, and the decision was widely expected by economists. The central bank’s inflation target sits in the middle of a range, and the Consumer Price Index rose to 3.4% in December 2023. The bank has been signalling recently that it thinks it may be nearing the end of its hiking cycle, after raising its trendsetting rate 10 times since early 2022 to slow down runaway inflation.


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