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Trump Signals Iran War Deal ‘Soon’ as Strait of Hormuz Stays Open, Easing Market Fears

                                   U.S. President Donald Trump said a deal to end the Iran war could come “soon,”   President Donald Trump said a deal to end the Iran war could come “soon,” a comment that helped calm global markets as the vital Strait of Hormuz remains open to commercial shipping. The waterway, which handles roughly one‑fifth of the world’s oil supply, has been a central concern for investors since the conflict began. With tankers continuing to move through the strait, oil prices have stabilized after weeks of volatility. Analysts note that even the perception of reduced risk in the region can ease pressure on global inflation, particularly in energy‑dependent economies like Canada. For Canadian households, a more stable oil market could help limit further increases in gasoline, transportation, and food costs. Equity markets reacted cautiously but positively,...
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Supreme Court Strikes Down Trump’s Global Tariff Strategy

US President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House

In a landmark decision with sweeping economic implications, the U.S. Supreme Court has rejected President Donald Trump’s attempt to impose broad global tariffs under the International Emergency Economic Powers Act (IEEPA). The ruling, delivered in a 6–3 decision authored by Chief Justice John Roberts, found that the emergency statute did not grant the president authority to levy such expansive trade measures. 

The decision dismantles a central pillar of Trump’s economic agenda, which relied heavily on aggressive tariffs aimed at reshaping global trade relationships. By striking down the policy, the Court affirmed lower court rulings that deemed the administration’s interpretation of the 1977 law unlawful. 

The ruling carries significant consequences for international markets and U.S. businesses, many of which had been grappling with higher costs and uncertainty stemming from the tariffs. It also marks a major judicial check on presidential power in the realm of trade, signaling that emergency economic authorities have clear limits. 

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