It's likely to be a mixed start for stocks on Bay Street on Tuesday with investors reacting to the nation's inflation data and weighing the developments on the geopolitical front.
Data from Statistics Canada showed consumer price inflation rate increased to 2.8% in April from 2.4% in March. Annual core inflation rate eased to 2.1% in April, the softest since January 2025, from 2.5% in the prior month.
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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.