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Markets Rebound as U.S. Ceasefire Proposal to Iran Sparks Investor Optimism

  U.S. stock futures surged early Wednesday as reports of a U.S.-backed ceasefire proposal to Iran boosted market sentiment and pushed oil prices sharply lower. Investors reacted positively to signs of potential de‑escalation in the Middle East, lifting Dow, S&P 500, and Nasdaq futures after a volatile week. U.S. stock futures climbed on Wednesday following reports that Washington sent Iran a 15‑point ceasefire plan aimed at halting the ongoing conflict in the Middle East. The development injected cautious optimism into global markets, which have been rattled by geopolitical tensions in recent weeks.  Futures tied to the Dow Jones Industrial Average and S&P 500 rose around 1% , while Nasdaq 100 futures jumped more than 1% , reversing some of the previous session’s losses. The shift in sentiment was amplified by a sharp retreat in oil prices— WTI crude fell over 5% , easing inflation concerns and improving the outlook for corporate margins.  The reported ceasef...
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Trudeau Announces GST Holiday and $250 Cheques to Ease Holiday Costs

 

Prime Minister Justin Trudeau has unveiled a series of measures aimed at alleviating financial pressures for Canadians during the holiday season. The announcement includes a two-month GST holiday on select goods and services, as well as $250 cheques for many Canadians.

Starting December 14, 2024, and running through February 15, 2025, the GST holiday will apply to a variety of items, including prepared foods, restaurant meals, snacks, children’s clothing and footwear, toys, books, and Christmas trees. This initiative is designed to provide immediate relief to families and individuals facing high costs during the festive period.

In addition to the GST holiday, the federal government will issue $250 cheques to Canadians who earned up to $150,000 in 2023. These cheques, part of the “Working Canadians Rebate,” are expected to be distributed in early spring 2025.

Trudeau emphasized that these measures are intended to help Canadians manage their expenses during a time of year that can be particularly financially challenging. “For two months, Canadians are going to get a real break on everything they do,” he said at a media event in Newmarket, Ontario.

Deputy Prime Minister Chrystia Freeland added that the GST holiday and rebate are part of the government’s broader efforts to support Canadians as the country continues to recover from the economic impacts of the COVID-19 pandemic.

These initiatives are expected to save taxpayers an estimated $1.6 billion over the two-month period, providing significant relief to many households across the country.


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