Canadian stocks drifted lower on Wednesday, weighed down by persisting concerns about the ongoing conflict between the U.S. and Iran and its potential impact inflation and overall economic growth. Meanwhile, the Bank of Canada left its interest rates unchanged as widely expected for the fourth consecutive meeting.
Materials, technology and industrials stocks fell. Several stocks from real estate and utilities sectors too fell. Energy stocks moved higher, tracking firm oil prices.
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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.