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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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Ontario WSIB Workers Set to Strike Over Workload and Wages Dispute


Thousands of workers at Ontario's Workplace Safety and Insurance Board (WSIB) are preparing to strike after failed negotiations between their union and WSIB management. The Ontario Compensation Employees Union (OCEU), part of the Canadian Union of Public Employees (CUPE), announced that rolling strikes would begin on May 21, with picket lines forming in multiple cities across the province, including Toronto, Windsor, and Ottawa.

The union has accused WSIB of failing to present a meaningful offer, particularly on key issues such as workload, wages, and union representation. OCEU President Harry Goslin stated that excessive workloads are negatively impacting workers' mental health, leading to increased rates of anxiety and depression among employees. 

WSIB acknowledged the possibility of service disruptions due to the strike but expressed hope for a fair and reasonable agreement with the union. More than 3,000 OCEU members voted overwhelmingly in favor of the strike earlier this month, signaling strong support for job action.

The union plans to hold a media availability session on May 22 outside WSIB offices in Toronto to provide updates on the situation. As negotiations remain at an impasse, Ontario residents relying on WSIB services may experience delays in claims processing and other workplace safety-related matters.


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