Canadian stocks are turning in a mixed performance Monday morning with investors largely making cautious moves amid uncertainty about any meaningful progress in the reported efforts to discuss the terms of a potential 45-day ceasefire that could lead to a permanent end to the war in the Middle East.
Reuters reported that the U.S. and Iran are weighing the framework of a plan to end the five-week-old conflict but noted Tehran has pushed back against pressure to swiftly reopen the Strait of Hormuz.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.