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Mojtaba Khamenei’s Rise Sparks Market Turmoil as Hardliners Mobilize

People attend a gathering to support Iran's new supreme leader Mojtaba Khamenei, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 9, 2026.  Iran’s hardline factions mounted a powerful show of support for newly appointed Supreme Leader Mojtaba Khamenei , rallying across Tehran in a display that signaled a tightening of conservative control and diminished hopes for de-escalation in the Middle East.  The demonstrations, marked by mass gatherings and imagery linking Mojtaba to his late father, Ayatollah Ali Khamenei, underscored the regime’s consolidation at a moment of heightened regional conflict.  Analysts warn that the hardliners’ unified backing suggests Iran is unlikely to soften its stance amid ongoing tensions with the U.S. and Israel. Global markets reacted sharply. Fears that prolonged instability could further disrupt energy supplies sent oil prices soaring and triggered steep declines in major stock indices. With one of the most significan...

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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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