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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...

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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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