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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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Loonie Plummets to 2020 Lows Amid Trump's Tariff Threat

 

The Canadian dollar, commonly known as the "loonie," has fallen to its lowest level since May 2020 following threats from U.S. President-elect Donald Trump to impose tariffs on Canadian goods. Trump announced on social media that he plans to impose a 25% tariff on all products from Canada and Mexico until both countries address issues related to drug trafficking and illegal immigration.

The loonie dipped below 71 cents US in early trading on Tuesday, reaching 70.87 cents US, down from 71.53 cents US the previous day. This decline is attributed to increased trade tensions and concerns over the Canadian economy, which has already been under pressure due to recent interest rate cuts by the Bank of Canada.

Economists are divided on whether Trump will follow through with his threats, with some suggesting that the announcement may be a negotiating tactic. However, the uncertainty has already had a significant impact on the loonie and could affect Canadian businesses and consumers if the tariffs are implemented.

The situation remains fluid, and Canadian officials are closely monitoring developments to determine the best course of action.



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