The Canadian market is down sharply in negative territory Friday afternoon, hurt by losses in materials, healthcare and consumer discretionary sectors. Shares from utilities and financials sectors too are mostly down with notable losses.
Concerns about Middle East tensions, inflation and possibility of monetary tightening by central banks, and a lack of positive outcome from the U.S.-China summit weigh on sentiment.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.