Before the Bell: What every Canadian investor needs to know today
Global stocks experienced a rise while oil prices increased amid ongoing uncertainty in U.S.-Iran peace talks. Canadian investors are monitoring results from Atex Resources Inc., as potential recession risks loom if traffic through the Strait of Hormuz is not restored. The Canadian dollar has weakened against the U.S. dollar, reflecting broader currency trends.
- ▪Global stocks rose and oil prices edged up amid uncertainty surrounding U.S.-Iran peace talks.
- ▪The Canadian dollar weakened against its U.S. counterpart, down about 0.85 percent over the past month.
- ▪Brent crude futures rose 3.2 percent to US$105.88 a barrel, while U.S. West Texas Intermediate futures increased by 2.6 percent.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEquitiesGlobal stocks rose and oil prices edged up, as uncertainty surrounded U.S.-Iran peace talks. U.S. Secretary of State Marco Rubio said there had been “some good signs” in talks to end the war, but differences remain over Tehran’s uranium stockpile and control of the strait.Wall Street futures were in positive territory after major North American indexes ended higher on Thursday. TSX futures pointed lower.In Canada, investors are getting results from Atex Resources Inc. If traffic through the Strait of Hormuz is not fully restored in the months ahead, recession across many global economies could become the “base-case scenario,” wrote Ipek Ozkardeskaya, senior analyst at Swissquote, in a note to clients.
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