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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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Canada and Greece Forge Partnership to Boost Tourism

In a significant step towards enhancing bilateral relations, Canada and Greece have signed a memorandum of understanding (MOU) to promote tourism between the two nations. The agreement, signed in Athens, underscores the importance of tourism in fostering economic growth, cultural exchange, and sustainable development.

The MOU focuses on institutional cooperation, the exchange of data and best practices, and the development of innovative tourism models. Both countries aim to address challenges such as climate change by sharing expertise and promoting sustainable tourism practices. The agreement also seeks to increase tourism flows, making it easier for Canadians and Greeks to explore each other's countries.

This partnership builds on the strong cultural and historical ties between the two nations, with nearly 300,000 Canadians of Greek origin and many Canadians living, working, and studying in Greece. The collaboration is expected to create new opportunities for tourism investment, education, and vocational training, benefiting both economies.

Canadian Minister of Export Promotion, Mary Ng, emphasized the economic and cultural benefits of the agreement, stating that it would strengthen ties and support prosperity for both nations. Greek Tourism Minister Olga Kefalogianni highlighted the commitment to a sustainable and innovative tourism model, reflecting shared values of democracy and cultural heritage.

This MOU marks a new chapter in Canada-Greece relations, showcasing the potential of tourism as a bridge between nations.

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