Canadian stocks climbed up sharply on Wednesday as optimism about a potential U.S.-Iran peace deal rose amid progress in talks, helped offset concerns about inflation.U.S. President Donald Trump claimed on Tuesday that the U.S. war with Iran will end "very quickly.""We're going to end that war very quickly," Trump told lawmakers gathered at the White House for the annual congressional picnic. "The...
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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.