Canadian shares are likely to see a mixed start Wednesday morning, tracking the trend in commodity markets and European stocks. The mood is likely to remain cautious with investors looking ahead to U.S. PCE data for more clarity about the outlook for Fed interest rates.
Federal Reserve governor Michelle Bowman has warned of upside risks to the inflation outlook and reiterated the need to keep borrowing costs elevated "for some time".
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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.