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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...
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TSX Futures Point to Upbeat Open as Gold Shines; Powell Testimony in Focus

As the sun rises on the trading day, Canadian investors are keeping a close watch on the Toronto Stock Exchange (TSX). Here’s what’s happening in the premarket:

1. Gold Continues Its Ascent

  • Gold futures are glittering, reaching an impressive $2,162.5.
  • Investors are drawn to the precious metal as a hedge against inflation and uncertainty.

2. Powell Takes the Stage Again

  • Federal Reserve Chair Jerome Powell is back in the spotlight. His second day of congressional testimony is eagerly anticipated.
  • Yesterday, Powell hinted at potential interest rate cuts if inflation continues to wane. His words today could sway market sentiment.

3. Materials Sector Gains

  • The materials sector is poised for a sixth consecutive session of gains.
  • Copper touched a five-week high, fueled by better-than-expected trade data from China, a major metals consumer.

4. Oil Prices Slip

  • Despite upbeat Chinese trade data, oil prices are slipping. Expectations of delayed rate cuts are putting pressure on crude prices.

5. Bank of Canada’s Stance

  • The Bank of Canada (BoC) held its key overnight rate steady at 5%. BoC Governor Tiff Macklem emphasized that underlying inflation suggests it’s too early for a cut.
  • Investors find comfort in the expectation that inflation will ease in the second half of the year.

6. Descartes Systems Gets a Boost

  • Descartes Systems, a software company, saw its fourth-quarter revenue beat estimates. Four brokerages raised their price targets for the stock.

As the TSX gears up for the opening bell, all eyes remain on Powell’s testimony and economic data. Buckle up for a day of market moves and stay tuned for further developments.







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