Canadian shares look headed for a positive start Wednesday morning as some strong buying is expected in materials and energy stocks amid rising commodity prices. Easing geopolitical tensions, and recent soft inflation data may also aid sentiment.
In company news, Power Corporation of Canada (POW.TO) announced today that President and Chief Executive Officer R. Jeffrey Orr will become Vice-Chair of the company, effective July 1, 2026. On the same date, President and CEO of IGM Financial Inc., James O'Sullivan will succeed Orr as part of a well-planned and robust succession planning process, the company added.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.