After an early upmove, the Canadian stock market pared gains and slipped into negative territory Thursday morning, weighed down by losses in energy, materials and technology sectors.
Concerns about interest rates following a hawkish outlook from the Federal Reserve, and weak commodity prices contributed to market's decline. The signing of an interim peace deal between the US and Iran helped limit the market's fall to some extent.
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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.