Canadian stocks are swinging between gains and losses in cautious trade on Tuesday with investors closely following the developments on the Middle East war front, ahead of the deadline set by U.S. President Donald Trump for Iran to reopen the Strait of Hormuz.
Trump has threatened to attack Iran's power plants and bridges if Tehran fails to reach a deal and reopen the Strait of Hormuz, a crucial global energy route.
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Market Analysis
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.