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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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Quebec Rejects Federal Funds for Race and Culture Assessments in Justice System



The Quebec government has declined $6.64 million in federal funding intended to combat systemic racism in the criminal justice system, citing disagreement with the program’s underlying approach. The funding, offered to provinces and territories in 2021, was designed to support the use of Impact of Race and Culture Assessments (IRCAs) — reports that examine how systemic racism and cultural factors may have influenced an offender’s actions before sentencing.

While most provinces have embraced the initiative, Quebec’s Justice Department stated it does not subscribe to the concept of systemic racism as the basis for such measures. Advocates, including the Montreal-based Viola Desmond Justice Institute, argue the refusal leaves marginalized defendants at a disadvantage, as legal aid funding for these assessments remains unavailable in the province.

Despite the government’s stance, the first IRCA in Quebec was recently presented in court, leading to a reduced sentence for a Black defendant whose life story reflected the impacts of racism and poverty. Supporters vow to continue pushing for the routine use of these assessments, with or without provincial backing.

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