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Rising Tensions Prompt Ottawa to Urge Vigilance Among Canadians in the Middle East

Residents are evacuated from a building hit by a projectile in Tirat Hacarmel, northern Israel, Saturday, Feb. 28, 2026. No injuries were reported. Canadians living or travelling in the Middle East are being urged to remain highly vigilant as regional tensions escalate. Foreign Affairs Minister Anita Anand issued the warning following renewed instability linked to stalled nuclear negotiations between the United States and Iran, as well as an increased American military presence in the region.  Anand emphasized that Canadians in Iran, in particular, should consider leaving if they can do so safely, noting that the situation could deteriorate quickly. The warning comes amid threats of military action from the United States should Iran fail to agree to a nuclear deal, while Iran maintains its right to enrich uranium for peaceful purposes.  The Canadian government continues to monitor developments closely and advises citizens across the broader region to follow local guidance,...
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Global Outage Sends Markets Tumbling: S&P/TSX and U.S. Indices Drop


The S&P/TSX composite index closed lower on Friday, reflecting a broader downturn in global markets. The index fell by 36.37 points to settle at 22,690.39. This decline was part of a larger trend, as U.S. markets also experienced significant losses.

The downturn was largely attributed to a global outage caused by a faulty software update from CrowdStrike, which affected numerous companies and organizations worldwide. In the U.S., the Dow Jones Industrial Average dropped 377.49 points to 40,287.53, while the S&P 500 and Nasdaq composite indices fell by 39.59 points and 144.28 points, respectively.

The Canadian dollar also saw a slight decrease, trading at 72.85 cents U.S., down from 73.01 cents U.S. on Thursday. Commodity markets were not spared, with crude oil prices dropping by $2.66 to $78.64 per barrel, and gold prices falling by $57.30 to $2,399.10 an ounce.

This market reaction underscores the interconnected nature of global financial systems and the widespread impact that technological disruptions can have on economic stability.


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