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The US–Iran War Is Hitting Your Wallet: What Every Canadian Needs to Know Right Now

  A conflict thousands of kilometres away has quietly become one of the biggest threats to your household budget in 2026. The war between the United States, Israel, and Iran — now stretching into its third month — is reshaping global energy markets, and Canadians are paying the price at the pump, the grocery store, and everywhere in between. $2.03 Gas/litre in parts of Canada +51¢ Average gas rise since Feb. 28 +30% Canada gas price rise Mar–Apr 20% World oil supply disrupted How We Got Here: The Strait of Hormuz Is Closed On February 28, 2026, the United States and Israel launched coordinated airstrikes against Iran in what was dubbed Operation Epic Fury , targeting military facilities, nuclear sites, and key Iranian leadership — resulting in the death of Supreme Leader Ali Khamenei. Iran's response was swift and punishing: missile barrages on Israeli cities, US military bases across the Gulf, and the formal closure of the Strait of Hormuz to international shipping. The Strait of ...
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Market Rebound: Dow, S&P 500, Nasdaq Futures Rise After Sharp Sell-Off

After a turbulent trading session, U.S. stock futures are showing signs of recovery on Tuesday. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite futures all climbed, attempting to regain ground lost during Monday’s sharp decline.

The market downturn was largely driven by renewed tensions between President Trump and Federal Reserve Chair Jerome Powell. Trump’s criticism of Powell’s monetary policy decisions added uncertainty to investor sentiment, leading to a widespread sell-off. However, futures rebounded as investors assessed the broader economic outlook and upcoming corporate earnings reports.

Tesla’s earnings report, scheduled for later today, is expected to be a key focus for investors. The electric vehicle giant has faced challenges with declining sales and shifting consumer demand, making its financial results particularly significant. Additionally, Verizon shares dropped in premarket trading after reporting a larger-than-expected loss in wireless subscribers, reflecting the impact of recent price hikes and competitive pressures.

Despite the volatility, analysts suggest that the market’s resilience could signal optimism among investors. As economic data continues to roll in, traders will be watching closely for signs of stability in the coming days.


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