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Markets Slip as U.S.–Iran Standoff Deepens and Risk Sentiment Weakens

  North American markets opened the week under pressure as renewed U.S.–Iran tensions rattled global risk sentiment. Major indexes across Canada and the U.S. slipped, with investors shifting toward defensive sectors and safe‑haven assets. The latest escalation — including heightened military posturing and stalled diplomatic channels — pushed oil prices higher and injected fresh volatility into energy markets. While rising crude typically supports Canadian producers, the broader uncertainty weighed on equities, particularly in rate‑sensitive and cyclical sectors. Bond yields edged lower as investors sought safety, and the Canadian dollar softened slightly against the U.S. dollar, reflecting a cautious tone across global markets. For Canadian investors, the key risk remains prolonged geopolitical instability feeding into energy prices, inflation expectations, and central‑bank policy paths. Until tensions ease, markets are likely to remain headline‑driven and choppy.
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Liberal Party Begins Leadership Race as Trudeau Announces Resignation


The Liberal Party of Canada has officially begun the process of selecting a new leader following Prime Minister Justin Trudeau's announcement that he will step down once a successor is chosen. Trudeau, who has led the party since 2013, stated that he is not the right choice to lead the party in the next election.

The party's president, Sachit Mehra, confirmed that a meeting of the national board of directors will be held this week to initiate the leadership contest. The board has the flexibility to determine the timeline for the leadership vote, which will be influenced by political circumstances.

Several potential candidates have already signaled their interest in running for the leadership position. Among the names frequently discussed are former finance minister Chrystia Freeland, who resigned from her cabinet position last month, and other prominent Liberal figures.

The leadership race comes at a critical time for the Liberal Party, as opposition parties are preparing to challenge the government through a non-confidence vote. The outcome of this leadership contest will shape the future direction of the party and its strategy for the upcoming federal election.



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