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Markets Hold Steady as Iran Deal Hopes Lift Sentiment — April 14, 2026

MoneySavings.ca  ·  Daily Market Brief Tuesday, April 14, 2026  ·  Morning Edition Markets hold steady as Iran deal hopes lift sentiment S&P 500 Futures 6,936 ▲ +0.20% Nasdaq Futures 25,647 ▲ +0.40% Dow Futures 48,501 ▲ +0.16% WTI Crude $96.31 ▼ −2.80% easing North American markets are poised for a steady open on Tuesday as investors grow cautiously optimistic about a potential U.S.-Iran agreement. U.S. stock futures held firm after the major averages posted strong gains the previous session, with the S&P 500 fully erasing its war-driven losses. Oil prices offered some relief for consumers, with WTI crude pulling back nearly 3% to around $96.31 per barrel — easing from Monday's spike above $104. Asian markets also opened higher overnight, with Japan's Nikkei 225 rising 2.43% and Hong Kong's Hang Seng gaining 1%, both t...
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Federal Court Upholds Trudeau's Prorogation Decision

 

In a landmark ruling, the Federal Court has dismissed a legal challenge against Prime Minister Justin Trudeau's decision to prorogue Parliament earlier this year. The challenge, brought forward by two Nova Scotia residents, argued that Trudeau's move lacked reasonable justification and undermined Parliament's constitutional role. However, Chief Justice Paul Crampton concluded that the Prime Minister acted within his constitutional authority.

The court acknowledged the applicants' concerns about the growing concentration of power in the executive branch but found no evidence that Trudeau's decision exceeded legal limits or was solely driven by partisan motives. The ruling emphasized that the Prime Minister's advice to the Governor General, Mary Simon, to prorogue Parliament was not subject to judicial review in this context.

Trudeau had justified the prorogation as a necessary "reset" for a gridlocked Parliament and announced his intention to resign as Liberal leader, paving the way for new leadership. The decision has sparked debate about the balance of power between Canada's executive and legislative branches, but for now, the court's ruling affirms the legality of Trudeau's actions.

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