The Canadian market is down firmly in negative territory Wednesday afternoon, hurt by losses in technology, consumer discretionary and industrials sectors.
The mood in the market is quite cautious amid concerns about inflation and economic slowdown due to the ongoing conflict in the Middle East.
Investors are also looking ahead to the summit meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing on Thursday. Discussions on trade, technology, rare earth export controls, Taiwan, the Iran war, and artificial intelligence form part of the agenda.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.