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Markets Rebound as Hopes for Iran–U.S. Dialogue Ease Geopolitical Tensions

U.S. stock futures edged higher on Wednesday as signs of potential diplomatic movement in the Iran–U.S. standoff helped calm volatile markets. Futures tied to the S&P 500 rose about 0.3%, the Nasdaq 100 gained 0.5%, and Dow Jones Industrial Average futures added 0.2% after a turbulent prior session.  The shift in sentiment followed reports that Iran has quietly approached the United States to discuss terms for ending the escalating conflict , a development that helped cool fears of further disruption in global energy markets. This diplomatic signal contributed to a rebound after Tuesday’s sharp sell-off, when concerns over widening conflict and rising oil prices rattled investors.  The conflict, now in its fifth day, has seen continued strikes and mounting casualties, adding to market unease. Iran is preparing for the funeral of Supreme Leader Ali Khamenei, killed in recent attacks, while regional tensions remain high.  Despite the ongoing uncertainty, Wednesda...
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Canada Swelters Under Widespread Heat Warnings

 

This latest bout of sweltering temperatures marks the sixth time the Greater Toronto Area has been under a heat warning this year.

A wave of intense heat and humidity has gripped large swaths of Canada, prompting Environment Canada to issue heat warnings across Ontario, Quebec, the Atlantic provinces, and parts of British Columbia.

Southern Ontario is experiencing some of the most punishing conditions, with daytime highs soaring to 35°C and humidex values nearing a stifling 40°C. The Greater Toronto Area is under its sixth heat warning of the year, with overnight temperatures lingering in the low 20s, offering little relief.

Quebec and the Atlantic provinces—including New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador—are also under advisories, with humidex values expected to reach up to 42°C in some areas. In British Columbia, heat warnings are in effect for Vancouver Island, the Sunshine Coast, and southern regions like the Fraser Canyon and South Okanagan.

Environment Canada urges residents to stay hydrated, wear light clothing, and avoid strenuous outdoor activities during peak heat hours. Vulnerable populations, including the elderly and those without access to air conditioning, are especially at risk.

With the heat expected to persist into midweek in some regions, officials recommend checking on neighbours and loved ones and seeking out cooling centers where available.

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