The Canadian market is down firmly in negative territory on Wednesday, weighed down by concerns about tensions in the Middle East, and largely contrasting reports about peace talks between the U.S. and Iran.
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.
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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.