Canadian stocks climbed higher Wednesday morning, extending recent gains, as growing optimism about a de-escalation in the Middle East continued to lift sentiment. Worries about inflation eased a bit following a drop in oil prices.
U.S. President Donald Trump said the war could end in two weeks sans a deal to re-open the Strait of Hormuz, brining much-needed relief to markets roiled by the conflict.
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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.