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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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China's Tariffs Hit Canadian Goods: A $3.7 Billion Blow

China has implemented retaliatory tariffs on Canadian goods worth $3.7 billion, escalating trade tensions between the two nations. The new levies, effective March 20, target key Canadian exports, including rapeseed oil, peas, aquatic products, and pork. These tariffs impose a 100% surcharge on rapeseed oil and peas, while aquatic products and pork face a 25% duty.

The move follows Canada's imposition of tariffs on Chinese electric vehicles, steel, and aluminum products in October 2024. Beijing has criticized these measures as discriminatory and a violation of World Trade Organization rules.

Canadian industry leaders have expressed concern over the economic impact, particularly on the agricultural sector. Chris Davison, President of the Canola Council of Canada, described the tariffs as "devastating" for farmers and the broader value chain. The federal government has announced measures to support affected industries, including $1 billion in financing for the agriculture and food sectors.

This development underscores the growing strain in Canada-China trade relations, with both sides urging diplomatic engagement to resolve the dispute.

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