Canadian stocks moved mostly lower on Wednesday after U.S. retaliation to Iran's downing of a U.S. helicopter and Iran's counter-attacks, led investors to wind up expectations on an amicable U.S.-Iran peace deal and an early reopening of the Strait of Hormuz.
After opening notably lower and edging further down, the Canadian market recovered and moved closer to the unchanged line Wednesday morning thanks to gains in the energy sector and several stocks from financials and technology sectors finding support at lower levels.
Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the opening bell.
Canadian stocks ticked lower on Tuesday after a slump in the oil-linked energy sector and a plunge in the gold-linked materials sectors pulled down the market, while investors received U.S. President Donald Trump's assurances on early reopening of the Strait of Hormuz with cautious optimism.
After opening marginally up and moving further ahead, Canadian stocks slipped into negative territory on Tuesday, dragged down by losses in energy, materials and technology sectors.
Higher Canadian and U.S. futures and firm European stocks amid signs of de-escalation in tensions in the Middle East point to a positive start on Bay Street Tuesday morning. In addition to following the developments on the geopolitical front, investors will be looking ahead to the Bank of Canada's interest rate decision due on Wednesday.
Canadian stocks posted marginal gains on Monday as investors assessed U.S. President Donald Trump's reassurance on U.S.-Iran peace talks along with reports of Iran's preparations for a prolonged war with Israel.
Despite paring some early gains, the Canadian market remains firmly up in positive territory a little past noon on Monday thanks to strong gains in energy, materials and technology sectors. The mood in the market is positive amid hopes of a potential de-escalation in the wider U.S.-Iran war after Iran said its first wave of attacks on Israel had ended.
Canadian shares are likely to turn in a mixed performance on Monday with investors following Middle East news and reacting to the trend in the commodities markets. Iran-Israel strikes could weigh on sentiment and limit market's upside.
Reversing the gains from yesterday's session, Canadian stocks plunged on Friday amid expectations of tighter monetary policy for an extended period following jobs data releases in Canada and the U.S. In addition, traders resorted to profit taking from yesterday's surge.
Canadian stocks tumbled on Friday as stronger-than-expected Canadian and U.S. jobs data raised concerns the Bank of Canada and the Federal Reserve will hold interest rates at elevated levels for a longer duration.
Canadian stocks are likely to open with a negative bias on Friday amid concerns over rising tensions in the Middle East, and on reports Hezbollah has rejected a new ceasefire agreement with Israel. Investors will also be reacting to Canadian and U.S. jobs data for the month of May.
Reversing the slump from yesterday's session, Canadian stocks soared on Thursday amid rising expectations of de-escalation in the Middle East after Israel and Lebanon agreed to renew the ceasefire. Separately, the U.S. and Iran confirmed the continuation of peace talks to resolve hostilities.
The Canadian stock market's benchmark S&P/TSX Composite Index climbed to a new record high Thursday morning, rebounding strongly from previous session's setback. The mood in several markets across the globe turned a bit positive following Israel and Lebanon agreeing to renew their fragile ceasefire after days of intensified attacks in southern Lebanon.
Canadian stocks are likely to open on a mixed note Thursday morning with investors focusing geopolitical news. While news about Lebanon and Israel agreeing to implement ceasefire is likely to aid sentiment, concerns about the ongoing tensions in the Middle East due to strikes by U.S. and Iranian forces could hurt, forcing investors to stay cautious.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.