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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's Cabinet Faces Major Shakeup as Housing Minister Sean Fraser Steps Down

 

In a significant development, Housing Minister Sean Fraser has announced his decision to step down from the federal cabinet and not seek re-election in his Nova Scotia riding. This move comes as Prime Minister Justin Trudeau prepares for a cabinet shuffle, which could happen as soon as Wednesday.

Fraser, who has been a prominent figure in Trudeau's cabinet, cited family reasons for his departure. The demands of his portfolio have made it challenging for him to spend time with his family in rural Nova Scotia. His exit adds to the list of ministers who have decided not to run in the next election, including Minister of National Revenue Marie-Claude Bibeau, Minister of Sport Carla Qualtrough, and Minister of Northern Affairs Dan Vandal.

Amid these changes, Trudeau's office is making a concerted effort to recruit former Bank of Canada governor Mark Carney to join the cabinet. Carney, who has been approached multiple times in the past, is reportedly more open to the idea now, although no final decision has been made.

Fraser's departure and the potential addition of Carney highlight the ongoing efforts by Trudeau to refresh his cabinet and address the pressing issues facing his government, particularly in the housing sector.



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