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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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Ottawa Targets Workforce Reduction as Part of Federal Streamlining Plan

 

                                            Government office buildings Gatineau, Que., in 2022.


The federal government has announced a plan to reduce its public‑sector workforce by 12,000 full‑time equivalent positions over the next three years, a move officials say is aimed at modernizing operations and improving long‑term fiscal sustainability.

According to the government, the reductions will be achieved gradually through attrition, retirements, and the non-renewal of certain term positions, rather than widespread layoffs. Departments have been instructed to identify areas where work can be consolidated, automated, or restructured to reduce duplication and improve efficiency.

The plan comes as Ottawa faces growing pressure to rein in spending following years of expanded public‑sector hiring. Critics argue that cuts of this scale could strain service delivery, while supporters say the government must adapt to new technologies and evolving public expectations.

As the transition unfolds, federal unions are calling for transparency and safeguards to ensure that essential services remain protected. The government maintains that the changes will be implemented carefully to minimize disruption.



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