After opening marginally up and moving further ahead, Canadian stocks slipped into negative territory on Tuesday, dragged down by losses in energy, materials and technology sectors.
The market opened on a positive note amid signs of de-escalation in Middle East tensions following Israel and Iran halting hostilities.
In addition to following the developments on the geopolitical front, investors are looking ahead to the Bank of Canada's interest rate decision due on Wednesday.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.