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 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.