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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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Southern Ontario Faces Another Winter Wallop as Storm Intensifies

 

Southern Ontario is bracing for yet another round of heavy snow this weekend, piling onto the already significant accumulations from recent squalls. Forecasters warn that a Colorado low sweeping into the province will deliver 10 to 15 centimetres of fresh snow to regions hardest hit by lake-effect bands earlier this week.

Communities along Lake Huron and Georgian Bay—including Goderich, Kincardine, Owen Sound, Collingwood, Barrie, and Parry Sound—are expected to bear the brunt of the storm. These areas, already struggling with whiteout conditions and power outages, could see travel grind to a halt as visibility drops and winds gust between 40 and 60 km/h.

The system will begin in southwestern Ontario near Windsor on Saturday evening, spreading into the Greater Toronto Area overnight and reaching Ottawa by early Sunday. While the GTA may escape the heaviest totals, forecasters caution that localized bursts of snow and blowing winds could still make commuting treacherous.

Environment Canada has issued multiple snow squall warnings and special weather statements, urging residents to prepare for hazardous conditions. Drivers are advised to avoid unnecessary travel, as roads could quickly become impassable. Hydro crews, who have already been working around the clock to restore service from Thursday’s storm, may face renewed challenges as fresh snow and strong winds strain infrastructure.

This latest blast underscores the severity of Ontario’s early winter, with some regions forecast to receive up to 50 cm of snow in total by the end of the weekend. Residents are being urged to stock up on essentials, check on vulnerable neighbours, and ensure winter safety measures—such as snow tires and emergency kits—are in place.


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