Wed Jun 25 21:10:00 UTC 2025: Here’s a summary of the provided news snippets, rewritten as a news article:

**Global Economic Times News Update: Canada Faces Heatwave, Inflation Stability, and Decathlon Retreat**

**INTERNATIONAL:** Tensions are high globally. Iran has issued a stern warning against future attacks, while Ukraine’s President Zelenskyy vows justice for Russia’s actions. Trump’s actions continue to ripple, influencing a new Canada-EU defense pact and even causing Canadians to lose billions on US bonds despite tariff fears.

**CANADA:** Canadians are grappling with a range of domestic issues. Environment Canada has issued a major heat alert for Ontario and Quebec, as extreme temperatures grip the region, leading to power outages in Toronto. On the economic front, inflation remains stable at 1.7%, offering some relief, but underlying pressures persist. Alberta’s record oil production is raising concerns about emissions. In retail news, Decathlon Canada plans to close most of its Ontario locations by summer 2025, including five in the Greater Toronto Area. There is good news on the health front, as a new HIV treatment requiring only two injections per year, already approved in the US, may be available in Canada by 2026.

**US:** The US continues to be a source of news, from political controversies involving Elon Musk and demands for subpoenas, to Trump comforting BBC Ukraine reporter and market rallies and oil trade jolts.

**OTHER:** In other news, social media influencer Tammy Hembrow announced her divorce, potentially impacting her massive fitness and fashion empire. The highly anticipated Minecraft rival, Hytale, has been cancelled after a decade in development.

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