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U.S. Threatens Harsher Economic Pressure on Iran as Mediators Rush to Secure Second Ceasefire Talks

  A woman walks past a digital screen displaying news of US-Iran peace talks along a road in Islamabad on April 10, 2026 The United States has warned it will step up economic pressure on Iran while mediators race to arrange a second round of ceasefire talks before the fragile truce expires on April 22, 2026 — a standoff that risks higher oil prices, tighter global markets, and direct costs for Canadian households and investors.   Background and diplomatic timeline A two‑week ceasefire that paused nearly seven weeks of fighting was brokered to create a narrow diplomatic window for talks between Washington and Tehran. The first round of face‑to‑face negotiations in Islamabad lasted more than 20 hours but ended without an agreement, leaving the truce set to expire on April 22, 2026 unless mediators secure a follow‑up session.  Mediators led by Pakistan, with active roles from Turkey, Egypt and other regional actors, have been shuttling between capitals to bridge the remaini...
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TSX Futures Dip Amid Tariff Jitters as U.S. Deadline Approaches

Canadian stock futures edged lower Friday morning as investors braced for potential fallout from the looming July 9 U.S. tariff deadline. Futures on the S&P/TSX index slipped 0.3% in premarket trading, reflecting growing unease over trade negotiations and global economic uncertainty.

With U.S. markets closed for Independence Day, trading volumes were thin, but sentiment remained cautious. President Donald Trump confirmed that formal letters outlining new tariff rates would be sent to trading partners starting today, signaling the end of a 90-day pause on higher import duties.

Canada, still in talks with the U.S., is aiming to finalize a trade agreement by July 21. Meanwhile, the Greater Toronto Area saw a third consecutive monthly rise in home sales, though prices continued to decline.

Commodity markets were mixed: gold prices inched higher as a safe-haven play, while oil and copper retreated slightly on tariff concerns.

As the deadline nears, markets are expected to remain volatile, with investors closely watching for any signs of progress—or escalation—in global trade talks.

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