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Markets Rally as Trump Shows Flexibility on Hormuz, Easing Geopolitical Fears

  US markets climbed as investors reacted positively to President Trump’s signals that he may be open to ending the Iran conflict without requiring a full reopening of the Strait of Hormuz, easing some geopolitical tension and boosting sentiment.   U.S. stock indexes rose on Tuesday after President Trump indicated he might be willing to end the war in Iran even if the Strait of Hormuz remains partially closed. The comments, shared with administration officials and echoed in a social media post, helped lift investor sentiment following weeks of volatility driven by Middle East tensions.  Futures tied to the Dow Jones Industrial Average , S&P 500 , and Nasdaq 100 all advanced by around 1%, reflecting renewed optimism that a de-escalation could stabilize global energy markets. The shift in tone comes after Trump suggested that Iran had been “decimated” and urged other nations to secure their own oil supplies—remarks that had previously fueled uncertainty.  Despi...
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Canada Kicks Off Tax Filing Season


Today marks the official start of the tax filing season in Canada. As of February 24, Canadians can begin submitting their income tax and benefit returns online. This year, the Canada Revenue Agency (CRA) has introduced several updates to its digital services to make the process smoother and more efficient for taxpayers.

One of the key changes for the 2025 tax season is the increase in federal income tax brackets by 2.7% to account for inflation. The new tax rates are as follows:

  • - 15% for earnings up to $57,375
  • - 20.5% for earnings between $57,375.01 and $114,750
  • - 26% for earnings between $114,750.01 and $177,882
  • - 29% for earnings between $177,882.01 and $253,414
  • - 33% for earnings above $253,414

Additionally, the contribution limit for the Registered Retirement Savings Plan (RRSP) has increased to $32,490 for the 2025 tax year, up from $31,560 the previous year. The maximum pensionable earnings and contributions for the Canada Pension Plan (CPP) have also been adjusted, with the Year’s Maximum Pensionable Earnings (YMPE) set at $71,300.

The CRA encourages taxpayers to file their returns early to avoid any last-minute stress and to ensure they receive any refunds or benefit payments they may be eligible for. The deadline for most individuals to file and pay any taxes owed is April 30, 2025. Self-employed Canadians have until June 16, 2025, to file their tax returns, but any money owed should be paid by April 30 to avoid interest charges.

For more information on the 2025 tax filing season and to access helpful resources, visit the CRA's official website.



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