Canadian stocks look headed for a positive start Friday morning amid rising hopes the U.S. and Iran will strike a peace deal this weekend.
U.S. President Donald Trump said a "great settlement" to end the conflict with Iran has been reached, and that a signing ceremony could take place in Europe as early as this weekend.
However, Tehran said no final deal has been approved and that disputes over frozen funds and Strait of Hormuz security remain unresolved.
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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.