After opening modestly lower and edging down further, the Canadian market climbed above the flat line Thursday morning, riding on gains in energy and utilities sectors. Concerns about Middle East tensions and the potential impact of higher oil prices on inflation and growth continued to weigh on sentiment.Iranian President Masoud Pezeshkian said Tehran had "consistently honored its commitments" an...
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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.