Canadian stocks are likely to open on a negative note on Wednesday amid rising tensions in the Middle East following fresh attacks by Iran and U.S. forces. Investors will also be reacting to the Bank of Canada's monetary policy announcement, due shortly after the opening bell.
The Canadian bank is widely expected to hold interest rate unchanged for a fifth straight meeting. The central bank's views on the economy and future policy stance are eyed.
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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.