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Geopolitical Tensions Rattle Wall Street as Futures Slide on Trump’s Iran Warning

  Markets tumbled Thursday morning as renewed geopolitical uncertainty sent U.S. stock futures sharply lower, with investors reacting to President Trump’s latest remarks that the war with Iran is “not yet over.”   U.S. stock futures stumbled early Thursday after President Trump’s national address failed to signal a clear end to the ongoing U.S.–Israeli conflict with Iran. Futures tied to the Dow Jones Industrial Average dropped more than 600 points , while S&P 500 futures fell 1.5% and Nasdaq 100 futures slid 2% , reflecting heightened investor anxiety.  The market’s reaction was driven largely by Trump’s assertion that the conflict is not yet resolved, despite reports that Iran’s president has approached the U.S. about a potential ceasefire. Trump emphasized that any agreement would depend on reopening the Strait of Hormuz , a critical global energy chokepoint. He also warned that U.S. forces would “hit Iran hard” before any withdrawal in the coming weeks.  ...
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Canada Adds Fewer Jobs Than Expected in October; Unemployment Rate Holds Steady

 

Canada’s job market showed signs of slowing down in October, as the country added fewer jobs than anticipated. According to Statistics Canada, the national unemployment rate remained unchanged at 6.5%.

The economy saw a modest increase of 15,000 jobs last month, falling short of economists’ expectations. This modest gain reflects ongoing challenges in the labor market, influenced by high interest rates and economic uncertainties.

Despite the job additions, the unemployment rate held steady, indicating that the labor market is still grappling with balancing job creation and economic pressures. The Bank of Canada has been closely monitoring these trends, especially as it aims to foster economic growth following recent interest rate cuts.

As the country navigates these economic conditions, the focus remains on creating sustainable employment opportunities and supporting workforce stability.


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