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The US–Iran War Is Hitting Your Wallet: What Every Canadian Needs to Know Right Now

  A conflict thousands of kilometres away has quietly become one of the biggest threats to your household budget in 2026. The war between the United States, Israel, and Iran — now stretching into its third month — is reshaping global energy markets, and Canadians are paying the price at the pump, the grocery store, and everywhere in between. $2.03 Gas/litre in parts of Canada +51¢ Average gas rise since Feb. 28 +30% Canada gas price rise Mar–Apr 20% World oil supply disrupted How We Got Here: The Strait of Hormuz Is Closed On February 28, 2026, the United States and Israel launched coordinated airstrikes against Iran in what was dubbed Operation Epic Fury , targeting military facilities, nuclear sites, and key Iranian leadership — resulting in the death of Supreme Leader Ali Khamenei. Iran's response was swift and punishing: missile barrages on Israeli cities, US military bases across the Gulf, and the formal closure of the Strait of Hormuz to international shipping. The Strait of ...
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Tech Stocks Wobble as Micron’s Forecast Disappoints: Market Update

 

US stock futures retreated on Thursday after chipmaker Micron’s outlook put a dent in tech-rally hopes. Investors are closely watching fresh economic data ahead of an inflation reading key to Federal Reserve policy. Here are the key points:

  • Micron’s Impact: Micron’s sales forecast for the current quarter met expectations but failed to satisfy investors looking for stellar outperformance from AI-linked companies. As a result, Micron’s shares slid almost 6% in pre-market trading.

  • Tech Stocks: The bullishness around AI has helped lift the benchmark S&P 500 to a 15% gain this year. However, concerns are growing that the rally could be at risk if the handful of tech companies driving most of those gains stop topping already lofty expectations. Nvidia was down 1.6%, reviving worries of a return to the sell-off that rattled markets last week, as other AI chip stocks came under pressure.

  • Economic Data: Focus is also on updates on GDP and weekly jobless claims due before the market open. Additionally, the PCE inflation print on Friday will influence the Fed’s thinking on timing of interest-rate cuts.

  • Corporate Front: Levi Strauss shares sank over 15% in the wake of a second-quarter revenue miss for the jeans seller. Investors will look to Nike’s quarterly results after the bell for more clues to consumer resilience.

Remember to stay informed and keep an eye on market developments! 

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