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Markets Rebound as Hopes for Iran–U.S. Dialogue Ease Geopolitical Tensions

U.S. stock futures edged higher on Wednesday as signs of potential diplomatic movement in the Iran–U.S. standoff helped calm volatile markets. Futures tied to the S&P 500 rose about 0.3%, the Nasdaq 100 gained 0.5%, and Dow Jones Industrial Average futures added 0.2% after a turbulent prior session.  The shift in sentiment followed reports that Iran has quietly approached the United States to discuss terms for ending the escalating conflict , a development that helped cool fears of further disruption in global energy markets. This diplomatic signal contributed to a rebound after Tuesday’s sharp sell-off, when concerns over widening conflict and rising oil prices rattled investors.  The conflict, now in its fifth day, has seen continued strikes and mounting casualties, adding to market unease. Iran is preparing for the funeral of Supreme Leader Ali Khamenei, killed in recent attacks, while regional tensions remain high.  Despite the ongoing uncertainty, Wednesda...
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GTA under winter weather travel advisory with storm expected to dump up to 10 cm of snow

 

The Greater Toronto Area (GTA) is under a winter weather travel advisory as a storm is expected to dump up to 10 cm of snow. 

Environment Canada has issued travel advisories for nearly the whole Golden Horseshoe, with snow expected to start falling in the late afternoon or early evening. Winds of up to 70 km/h mixed with the falling snow could significantly reduce visibility for drivers. 

The snow is expected to transition to rain later tonight or early Saturday morning as temperatures rise above freezing. The TTC says it will deploy extra employees and maintenance vehicles through the transit system to spread salt, clear snow from surfaces, and keep signals, switches and overhead power operating in the event of the storm on Friday.

 

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