Canadian stocks drifted lower on Thursday, extending recent losses, as worries about a global recession triggered another round of selling almost across the board.
Data showing contraction in manufacturing activity in China, Japan, the U.K., and the euro area, and rising concerns about aggressive interest rate hikes by the Federal Reserve and other central banks rendered the mood quite bearish.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.