Canadian stocks are likely to see some volatility on Friday, tracking oil's wild swings amid escalating tensions in the Middle East. The mood is likely to remain cautious amid concerns several central banks might consider hiking interest rates sooner than later.West Texas Intermediate Crude oil futures climbed to $97.00 a barrel from a low of $93.42 before dropping to $95.29, losing nearly 0.9%.Go...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.