The Canadian market is likely to open on a mixed note on Wednesday, and the mood is likely to remain a bit cautious with investors looking ahead to the Federal Reserve's monetary policy announcement later in the day.
Markets are also awaiting more details about Iran peace deal, and the signing of the agreement by Tehran and Washington later this week in Switzerland.
Canadian stocks closed higher on Tuesday, extending three consecutive sessions of gains, as markets continued to carry the optimism from Sunday's announcement on an initial U.S.-Iran deal to end their conflict, which is scheduled to be signed on Friday.
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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.