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Markets Digest Iran Peace Progress and Fed Rate-Hike Risk — June 22, 2026

  Markets are easing into a cautious start this Monday as investors return from a long weekend — U.S. markets were closed Friday for Juneteenth — and assess a mixed backdrop: tentative optimism over U.S.–Iran peace talks, a newly hawkish Federal Reserve, and a key week of economic data and earnings ahead. Oil is steadying, the Canadian dollar is under modest pressure, and Asian markets rallied while European and U.S. futures drifted slightly lower in early trading. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite Index heads into Monday trading with a cautious tone, sitting near the 34,857 level after slipping 0.32% on Thursday — the last day Canadian markets were open. Energy stocks will be in focus as oil prices stabilize following weeks of volatility tied to the U.S.–Iran conflict and the partial reopening of the Strait of Hormuz. The Canadian dollar is trading at approximately 70.52 cents U.S. (CAD/USD: 0.7052), down about 0.22% on the session. The loonie remains und...
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Athens Taxis Stage 48-Hour Strike Amidst Nationwide Public Sector Unrest By Copilot

 

The bustling streets of Athens have been thrown into disarray as taxi drivers embark on a 48-hour strike, their vehicles forming a slow-moving protest convoy. But this isn’t just about fares and traffic—it’s a synchronized symphony of discontent echoing across the entire public sector.

The Taxi Drivers’ Revolt

  • Why Now?: The capital’s taxi union has called for this walkout, fueled by a series of grievances. Their demands include a reduction in taxes, access to bus lanes, and stricter regulations on ride-sharing apps. These drivers, who navigate the city’s labyrinthine streets, are feeling the pinch of newly imposed taxes on the self-employed.

  • The First Day: More than 200 taxis snaked through Athens, their yellow roofs a beacon of protest. Their message: “Enough is enough.” The streets reverberated with honks and slogans, a chorus of frustration.

Nationwide Echoes

  • Perfect Timing: The second day of the taxi strike aligns with a nationwide stoppage. Public and some private sector workers join hands in solidarity. Expect disruptions:

    • Public Transport: Commuters brace for chaos as buses, trams, and metro services stutter.
    • Grounded Flights: Air travel faces turbulence, with flights delayed or canceled.
    • Ferry Standstill: Ports echo with the lapping of idle waves as ferries remain tied up.

  • Georgios Voilis Speaks: A taxi driver and union member, Georgios Voilis, succinctly captures the sentiment: “New taxes have hammered the taxi industry.” The struggle is real, and the streets bear witness.

As Athens grapples with this synchronized unrest, the city’s heartbeat falters. The question remains: Can harmony emerge from discord? 

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