Canadian stocks are likely to open on a negative note on Thursday, tracking weak global cues amid uncertainty about the status of U.S.-Iran peace talks. Concerns about inflation due to higher oil prices and possibility of interest rate hikes by central banks sometime in the foreseeable future are likely to weigh as well on sentiment.
Materials stocks may struggle, weighed down by a fall in precious metals prices.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.