Canadian stocks are likely to open on a somewhat subdued note on Wednesday amid concerns about rising tensions in the Middle East.
Iran launched ballistic missiles in the Gulf region and U.S. retaliated by striking Qeshm Island, which directly blocks the entrance to the Strait of Hormuz, is also the base of the IRGC's network of underground facilities and defensive positions across the island.
Descartes Systems Group and Transcontinental Inc. are scheduled to announce their quarterly results this afternoon.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.