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Iran–U.S. Gulf Strikes Escalate: What It Means for Your Canadian Wallet

  The Persian Gulf is on edge again — and this time, the ripple effects are showing up at Canadian gas pumps and grocery stores. On Wednesday, June 3, Iranian drones struck Kuwait's main airport, temporarily shutting it down and killing one person. The U.S. military struck back, targeting an Iranian military ground control station on Qeshm Island in the Strait of Hormuz. It is the latest in a series of back-and-forth military exchanges that are pushing a fragile ceasefire to the breaking point. What Is Happening Right Now? Iran's paramilitary Revolutionary Guard confirmed it targeted U.S. military facilities — including the headquarters of the Navy's 5th Fleet in Bahrain — in retaliation for American strikes on Iranian territory. The U.S. responded with strikes on Qeshm Island. Meanwhile, semiofficial Iranian news agencies reported that Tehran has halted communications with ceasefire mediators, saying it wants the fighting in Lebanon resolved before any broader truce can be...
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Stock Market Today: S&P 500 and Nasdaq Futures Point Higher Ahead of Key Inflation Data

US stock futures are showing optimism as Wall Street awaits crucial inflation data. Here are the highlights:

  • S&P 500 Futures (ES=F): Up 0.2%
  • Nasdaq Futures (NQ=F): Rose 0.3%
  • Dow Jones Industrial Average Futures (YM=F): Hovering just below the flatline.

Investors are closely monitoring economic indicators this week. Tomorrow, we’ll get the latest reading on consumer prices, followed by July’s retail sales data on Thursday. After a recent bout of volatility, the S&P 500 and Nasdaq are gradually recovering toward their year-to-date highs.

In individual stock news:

  • Home Depot (HD): Shares fell after the company adjusted its outlook for comparable same-store sales.
  • Nvidia (NVDA): Gained over 1% in premarket trading, building on Monday’s 4% gain.
  • Trump Media (DJT): Shares declined further after former President Donald Trump’s return to the X platform for a live event with CEO Elon Musk.


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