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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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Federal Immigration Department Announces Major Job Cuts


Two federal public service unions have revealed that the Immigration Department is set to cut over 3,300 jobs over the next three years. The Public Service Alliance of Canada (PSAC) and the Canada Employment and Immigration Union issued a joint statement expressing concern over the lack of information regarding who will be affected by the cuts.

The unions emphasized that the department's staff are essential for processing citizenship and permanent residency applications, issuing passports, and conducting interviews. They urged the government to reduce outside contracting instead of downsizing staff.

The job cuts are part of the government's broader effort to refocus federal spending, which has been ongoing since 2023. The unions are calling for transparency and a reconsideration of the cuts, highlighting the potential impact on the department's ability to fulfill its duties.

Affected employees are expected to be notified in mid-February, with letters being sent out to those impacted. The unions continue to advocate for their members and push for alternative solutions to achieve budgetary goals.



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