After opening notably lower and edging further down, the Canadian market recovered and moved closer to the unchanged line Wednesday morning thanks to gains in the energy sector and several stocks from financials and technology sectors finding support at lower levels.
In addition to following the reports from the Middle East front, investors also digested the Bank of Canada's widely expected interest rate decision.
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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.