Before the Bell: What every Canadian investor needs to know today
Global markets are experiencing an upward trend as traders anticipate a potential deal regarding the Strait of Hormuz and an extension of the U.S.-Iran ceasefire. In Canada, investors are awaiting GDP data and results from Laurentian Bank of Canada. Oil futures are stabilizing but are on track for a significant weekly decline amid ongoing discussions between the U.S. and Iran.
- ▪Global markets are rising as traders await details on a potential deal to reopen the Strait of Hormuz.
- ▪The Canadian dollar has weakened against the U.S. dollar, down about 1.55 percent over the past month.
- ▪Oil futures are on track for their steepest weekly decline since early April amid ongoing negotiations between the U.S. and Iran.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEquitiesGlobal markets were on the rise as traders waited for details on a potential deal to reopen the Strait of Hormuz and extend the U.S.-Iran ceasefire.Wall Street futures were in positive territory after major North American markets closed up yesterday.TSX futures followed sentiment higher ahead of GDP data releases later this morning. In Canada, investors are getting results from Laurentian Bank of Canada. “The market’s already taking the view that a deal’s going to be done and the Strait is going to be open,” said Jason Wong, senior market strategist at BNZ in Wellington.Overseas, the pan-European STOXX 600 was up 0.43 per cent in morning trading.
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