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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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Deep Freeze Alert Issued for the GTA

                Environment Canada a cold weather warning for the entire Greater Toronto Area this weekend.

An extreme cold warning has been issued for the Greater Toronto Area as a surge of Arctic air pushes temperatures to dangerous lows. The region is expected to face wind chills near –30, creating conditions that can lead to frostbite in minutes.

The cold snap is forecast to intensify through the weekend. Saturday’s high of –13°C will feel closer to –33°C in the morning due to strong winds, with evening wind chills hovering around –28. Sunday will bring similar conditions, offering little relief from the biting cold.

Residents are urged to limit time outdoors, bundle up in layers, and check on vulnerable individuals who may be at higher risk. Young children, older adults, and those without adequate shelter are especially susceptible during prolonged periods of extreme cold.

Despite the harsh conditions, the cold spell is expected to ease early next week as temperatures gradually return to seasonal norms.


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