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Markets Digest Iran Peace Progress and Fed Rate-Hike Risk — June 22, 2026

  Markets are easing into a cautious start this Monday as investors return from a long weekend — U.S. markets were closed Friday for Juneteenth — and assess a mixed backdrop: tentative optimism over U.S.–Iran peace talks, a newly hawkish Federal Reserve, and a key week of economic data and earnings ahead. Oil is steadying, the Canadian dollar is under modest pressure, and Asian markets rallied while European and U.S. futures drifted slightly lower in early trading. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite Index heads into Monday trading with a cautious tone, sitting near the 34,857 level after slipping 0.32% on Thursday — the last day Canadian markets were open. Energy stocks will be in focus as oil prices stabilize following weeks of volatility tied to the U.S.–Iran conflict and the partial reopening of the Strait of Hormuz. The Canadian dollar is trading at approximately 70.52 cents U.S. (CAD/USD: 0.7052), down about 0.22% on the session. The loonie remains und...
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Erdogan Denounces Israeli Policies, Reaffirms Palestinian Sovereignty in Pakistan

 

During a high-profile visit to Pakistan on Thursday, Turkish President Recep Tayyip Erdogan launched a scathing critique of Israel’s handling of the Gaza situation. Speaking at a televised business forum in Islamabad, Erdogan condemned what he described as Israel’s failure to honor a ceasefire and its aggressive military actions in Gaza.

“Gaza belongs to our Gazan brothers and sisters and will remain so forever,” Erdogan declared, emphasizing that the region—where Palestinians have made immense sacrifices—must not be subject to any forced relocation or compromise. He warned that Israel’s ongoing operations would only lead the area “toward blood and tears again.”

Erdogan’s remarks came as he and Pakistani Prime Minister Shehbaz Sharif jointly chaired talks aimed at deepening bilateral cooperation. During the visit, both leaders oversaw the signing of 24 strategic agreements covering economic, trade, and defense ties—a move underscoring their mutual commitment to regional stability amid escalating tensions.

The Turkish president’s forceful speech not only reiterated his longstanding support for the Palestinian cause but also signaled Turkey’s determination to challenge policies seen as exacerbating the humanitarian tragedy in Gaza. His comments resonated with many in the region who view a fair and enduring peace as contingent on recognizing Palestinian rights and sovereignty.

Erdogan’s rhetoric comes at a time when the international community is calling for renewed efforts to secure a lasting ceasefire in the conflict-ravaged region. His impassioned address adds to a chorus of voices demanding accountability and justice for those affected by the ongoing violence.


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