One stage of the Iran war has ended, but the world may be mistaking a pre-election pause for lasting peace. Tehran’s economic leverage will likely remain strong through the U.S. midterm elections in November, but could weaken once the votes are counted, raising the risk of renewed confrontation afterward.
Foreign investors including pension funds, insurance companies and hedge funds are buying Canada’s federal bonds in record amounts, easing the cost of funding Prime Minister Mark Carney’s expensive nation-building projects but potentially introducing more volatility to Canada’s debt market.