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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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Trump's 25% Tariffs on Canada and Mexico Set to Take Effect Saturday

The White House has announced that President Donald Trump will implement 25% tariffs on imports from Canada and Mexico starting this Saturday. This move is part of Trump's ongoing efforts to address trade deficits and concerns over the flow of illegal fentanyl into the United States.

The tariffs are expected to impact a wide range of goods, including produce, alcohol, and auto parts, potentially leading to higher prices for American consumers. The decision has already caused a dip in the Canadian dollar and raised concerns about the potential for a trade war.

Prime Minister Justin Trudeau has stated that Canada is prepared to respond forcefully if the tariffs are imposed, emphasizing that while this is not the desired outcome, Canada will take necessary actions to protect its interests.

The economic implications of these tariffs are significant, with experts predicting a potential recession in Canada if the tariffs remain in place for an extended period. The situation remains fluid, with further details expected to emerge as the implementation date approaches.


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