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Tehran Rocked by Renewed Israeli Strikes as Iran’s Leadership Council Assumes Control

  A woman reacts as she holds a placard with an image of Iranian late Supreme Leader Ayatollah Ali Khamenei, at a rally in solidarity with Iran after U.S. and Israeli strikes killed Ali Khamenei, in Beirut, Lebanon. Israel has launched another wave of airstrikes on Tehran, intensifying a rapidly escalating regional crisis just one day after the assassination of Iran’s Supreme Leader, Ali Khamenei. According to multiple reports, Israeli officials said the renewed strikes were intended to maintain air dominance as Iran faces its most significant leadership vacuum in decades.  The power void left by Khamenei’s killing has prompted Iran to activate a leadership council to stabilize governance. Inside the country, reactions have been sharply divided—some mourning the long‑time leader, others openly celebrating his death, revealing deep internal fractures.  The military confrontation has widened beyond Iran’s borders. Iran has retaliated with missile barrages targeting Israe...
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TSX Futures Slide Amid Global Market Turmoil

 

Futures linked to Canada’s main stock index took a tumble on Tuesday, echoing the brutal sell-off seen across global markets on Monday. The trigger? Recession fears in the United States.

September futures on the S&P/TSX index were down 1.8% at 6:48 a.m. ET (10:48 GMT). Investors worldwide scrambled toward safe-haven assets after weaker U.S. economic data last week raised concerns about a recession in the world’s largest economy.

While investor sentiment was partially soothed by a rebound in U.S. services sector activity and signals of rate cuts from Federal Reserve policymakers, the benchmark U.S. S&P 500 and Nasdaq both closed 3% lower on Monday.

Canadian markets were closed for a holiday, but attention remains on domestic employment figures due later this week and a host of Fed policymakers scheduled to speak throughout the month.

In corporate news, Suncor Energy and iA Financial are set to report their quarterly figures after the closing bell today.

Commodities at 6:48 a.m. ET:

  • Gold futures: $2,423 (+0.5%)
  • U.S. crude: $73.32 (+0.5%)
  • Brent crude: $76.62 (+0.4%)

Stay tuned for further updates as the market volatility continues.





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