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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Canada's Premiers and Trudeau Discuss Bailout Plan in Response to Trump Tariffs

 


In a high-stakes meeting in Ottawa, Prime Minister Justin Trudeau and Canada's premiers gathered to address the looming threat of tariffs promised by U.S. president-elect Donald Trump. The tariffs, set to be implemented shortly after Trump takes office for his second non-consecutive term, could impose a sweeping 25 percent levy on all Canadian goods entering the United States.

The meeting, requested by the premiers, aimed to develop a cohesive national response to the potential economic fallout. Ontario Premier Doug Ford, who has been vocal about the severe impact these tariffs could have, estimated that up to 500,000 jobs in Ontario alone could be at risk. Ford emphasized the need for "tough retaliatory tariffs" to defend Canadian interests.

Trudeau assured the premiers that the federal government is prepared with a "strong, national response" and highlighted the importance of maintaining a successful partnership with the United States. The discussions also focused on opportunities for increased and deepened partnership with the U.S., despite the tariff threat.

Finance Minister Dominic LeBlanc, who has been leading Canada-U.S. matters, presented parts of a border security plan designed to appease Trump's concerns about drugs and migrants. This plan, which includes increased surveillance and resources for the RCMP, aims to mitigate the impact of the tariffs while addressing U.S. demands.

As the premiers and Trudeau continue to navigate this complex issue, the outcome of their discussions will be crucial in shaping Canada's economic future and its relationship with the United States.


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