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Iran–U.S. Negotiations & Shipping Disruptions: What It Means for Your Wallet

  🔴 Breaking — This Morning President Trump posted on social media Saturday that a peace deal with Iran is "largely negotiated" and will be announced shortly. The Washington Post reports (May 25, 2026) that the U.S. and Iran are actively working toward a framework deal that would extend the ceasefire and reopen the Strait of Hormuz. Oil prices have already reacted — Brent crude fell more than 5% to around $98 a barrel on the news. After nearly three months of conflict, spiralling energy prices, and stalled talks, there is cautious optimism today that a diplomatic breakthrough between the United States and Iran could be imminent. But what exactly is being negotiated — and what does it actually mean for Canadians and consumers at the gas pump, the grocery store, and beyond? Here is everything you need to know, updated with today's latest developments. $4.51 U.S. avg. gas price/gallon — up 51% since the war began -5.2% Brent crude drop today on deal optimism (to ~$98/barre...
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Bank of Canada Holds Steady Amid Economic Resilience

The Bank of Canada is expected to maintain its current interest rate of 2.75% at its upcoming policy meeting, following stronger-than-anticipated economic growth in the first quarter of 2025.  

Recent data from Statistics Canada revealed that the economy expanded at an annualized rate of 2.2%, surpassing forecasts of 1.7%. This growth was largely driven by increased exports, particularly in passenger vehicles and industrial machinery, as businesses rushed to stockpile goods ahead of newly imposed U.S. tariffs.  

Despite the positive headline figures, underlying domestic demand remains weak, with household spending growth slowing to 0.3%, down from 1.2% in the previous quarter. Additionally, residential investment declined by 2.8%, reflecting a downturn in housing resale activity.  

While some economists argue that the central bank should resume rate cuts to cushion the economy against potential trade-related disruptions, the Bank of Canada appears poised to hold steady for now. Analysts suggest that policymakers are waiting for further clarity on inflation trends and the broader impact of tariffs before making any adjustments.  

With uncertainty looming over the global trade landscape, the Bank of Canada’s cautious approach underscores its commitment to balancing economic stability with inflation control. The next policy announcement is scheduled for June 4, where officials will provide further insights into their outlook for the remainder of the year.

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