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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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Federal Government Faces Mounting Pressure to Resolve Canada Post Strike

 

The ongoing Canada Post strike, now in its fourth week, is causing significant disruptions across the country, prompting calls for federal government intervention. The Retail Council of Canada (RCC) has urged the government to step in, highlighting the severe impact on businesses, especially during the critical holiday shopping season.

With over 55,000 postal workers on strike, retailers are struggling to meet customer demands and maintain operations. The RCC estimates that the retail sector has already incurred losses exceeding C$1 billion. The strike's timing, coinciding with the Black Friday and Cyber Monday sales, has exacerbated the situation, leaving many businesses unable to fulfill orders and receive payments.

Despite the mounting pressure, the federal government has so far resisted intervening, stating that the matter should be resolved through negotiations between Canada Post and the union. However, with the strike showing no signs of ending soon, the business community continues to push for government action to prevent further economic damage.

As the strike enters its 20th day, the RCC and other stakeholders are calling for a swift resolution to avoid further losses and ensure that businesses can operate smoothly during the holiday season.




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