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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...
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Canada Posts $1 Billion Trade Deficit in April

 

Canada recorded a merchandise trade deficit of $1.0 billion in April, according to Statistics Canada. This result follows a revised deficit of $2.0 billion for March, which was initially reported as $2.3 billion.

Here are the key points:

  • Exports:
    • Total exports in April increased by 2.6% to $64.4 billion.
    • Exports of energy products rose by 2.7%, with natural gas exports surging by 60.1%.
    • Crude oil exports also gained 3.0%.
    • Metal and non-metallic mineral products exports rose by 4.7%, driven by unwrought gold, silver, and platinum group metals.
  • Imports:
    • Total imports rose by 1.1% to $65.5 billion in April.
    • Imports of motor vehicles and parts increased by 4.2%.
    • Imports of aircraft and other transportation equipment and parts surged by 23.7%, including the delivery of several ships.
  • Trade in Services:
    • Canada’s monthly international trade in services deficit increased to $1.1 billion in April.
    • Imports of services rose by 1.1% to $18.0 billion, while exports of services remained essentially unchanged at $16.9 billion.
  • Combined Trade Deficit:
    • When goods and services are combined, Canada’s total trade deficit with the world was $2.2 billion in April, compared to $2.9 billion in March.

Economists expect further export gains due to higher oil pipeline capacity and one-off events in the auto sector, while imports may decline due to weak domestic demand and elevated inventory levels.


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