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Markets Rebound as U.S. Ceasefire Proposal to Iran Sparks Investor Optimism

  U.S. stock futures surged early Wednesday as reports of a U.S.-backed ceasefire proposal to Iran boosted market sentiment and pushed oil prices sharply lower. Investors reacted positively to signs of potential de‑escalation in the Middle East, lifting Dow, S&P 500, and Nasdaq futures after a volatile week. U.S. stock futures climbed on Wednesday following reports that Washington sent Iran a 15‑point ceasefire plan aimed at halting the ongoing conflict in the Middle East. The development injected cautious optimism into global markets, which have been rattled by geopolitical tensions in recent weeks.  Futures tied to the Dow Jones Industrial Average and S&P 500 rose around 1% , while Nasdaq 100 futures jumped more than 1% , reversing some of the previous session’s losses. The shift in sentiment was amplified by a sharp retreat in oil prices— WTI crude fell over 5% , easing inflation concerns and improving the outlook for corporate margins.  The reported ceasef...

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Liberal Leader Slams Ford Over Rezoning Scheme Scandal

 

Ontario Liberal Leader Bonnie Crombie has fired a salvo at Progressive Conservative Premier Doug Ford amid a new lawsuit alleging misconduct by former government staffers in a controversial rezoning scheme.

The lawsuit, filed in a Toronto court by property owner Amanpreet Jakhar and two numbered companies, seeks approximately $2.2 million in damages. It accuses former staffers Ryan Amato and Shiv Raj—and the developer Frontier Group—of promising to leverage “backchannel contacts” and political connections to secure rezoning approvals for lucrative properties. According to the claim, the men misled investors by accepting monthly payments of $55,600 plus tax, all the while failing to make any serious effort to rezone the land.

At a recent campaign event, Crombie did not mince words. “It’s outrageous but not surprising,” she declared, using the lawsuit as further evidence of what she described as a long-standing culture of backroom deals and questionable ethics within Ford’s administration. Crombie argued that the scandal underscores the need for greater transparency and accountability in government, insisting that such practices have repeatedly compromised Ontario’s political integrity.

Premier Ford, meanwhile, has denied any involvement in the matter. At a campaign event earlier this week, he claimed to have “never heard of this” and insisted that anyone found to be engaging in such “background dealing” would be terminated immediately. His spokesperson reiterated that the province is not involved in the lawsuit and that any wrongdoing will be dealt with swiftly in court.

As Ontario heads toward another election, this latest legal battle is set to intensify scrutiny of Ford’s government, adding another chapter to a series of controversies that include previous allegations linked to the Greenbelt scandal and the use of ministerial zoning orders. Both sides now brace for what could be a protracted legal and political showdown in the weeks ahead.

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