Weak European stocks, lower crude oil and bullion prices, and concerns that the Federal Reserve might reducer interest rate only once this year, may weigh on Canadian shares early on Thursday.
European Central Bank Governing Council member Joachim Nagel's warning that consumer price growth in the euro zone is proving stubborn and that he and his colleagues won't simply lower borrowing costs automatically, is also likely to weight on sentiment.
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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.