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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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Carney and Champagne Launch Post-Budget Tour in Ottawa and Montreal

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne make their way into the House of Commons for the tabling of the federal budget on Parliament Hill in Ottawa, on Tuesday, Nov. 4, 2025.

Prime Minister Mark Carney and Finance Minister François-Philippe Champagne are hitting the road today to promote the federal government’s newly tabled budget, beginning with events in Ottawa and Montreal.

Carney is scheduled to host a post-budget event in Ottawa this morning, where he will outline the government’s priorities before joining the Liberal caucus for its first meeting since Nova Scotia MP Chris d’Entremont crossed the floor to join the party.

Meanwhile, Champagne will take the government’s message to Montreal, where he is set to participate in an armchair discussion with business leaders. The finance minister is expected to highlight what he has described as “generational investments” aimed at strengthening Canada’s economy, creating high-paying jobs, and supporting workers most affected by global trade disruptions.

The 2025 budget, Carney’s first as prime minister, projects a $78.3-billion deficit while pledging billions in new spending on infrastructure, innovation, and workforce development. The government argues these measures are necessary to secure long-term growth, even as it faces criticism over the scale of the deficit and planned cuts to the federal public service.

Today’s events mark the beginning of what is expected to be an intensive post-budget sales campaign, as the Liberals seek to convince both Canadians and opposition parties of the merits of their fiscal strategy.


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