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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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Toronto Greenlights Bigger Apartment Buildings Near Transit to Tackle Housing Crunch

 

Toronto is set to see a major shift in its skyline and housing supply, as the Ontario government has approved changes to the city’s official plan that will allow for significantly taller and denser apartment buildings near 120 major transit stations.

The move is designed to help the city accommodate more than 1.5 million additional homes over the next 25 years, while making it easier for residents to live close to reliable public transit. Under the updated rules, high-rise towers will be permitted “as of right” in certain areas, alongside mid-rise and low-rise multiplexes in surrounding neighbourhoods.

Mayor Olivia Chow called the plan a bold step toward addressing Toronto’s housing crisis, noting that building near transit will also help reduce traffic congestion and cut commute times. Housing Minister Rob Flack emphasized that the changes will speed up construction, create thousands of jobs, and align with the province’s multi-billion-dollar transit expansion program.

While some transit station areas remain under review, the approved framework marks one of the most significant housing policy shifts in Toronto’s recent history — aiming to pair rapid transit access with much-needed housing growth.


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