Sharply higher Canadian and U.S. futures and rising precious metals prices thanks to U.S.-Iran peace deal agreement point to a firm start on Bay Street Monday morning.
The preliminary framework agreed to by the two nations includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz. According to reports, an official signing ceremony is scheduled to take place in Switzerland on June 19.
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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.