Country: CA | Published: 2026-09-22
Canadian markets opened on a steadier footing as hopes for US-Iran diplomacy lifted sentiment, though softer commodity prices kept a lid on gains. The loonie slid to a nearly seven
Canadian markets opened on a steadier footing as hopes for US-Iran diplomacy lifted sentiment, though softer commodity prices kept a lid on gains. The loonie slid to a nearly seven-week low as yield spreads widened, while the Bank of Canada's warning that the latest US tariffs could halve fourth-quarter growth keeps the economic drag front and center. The rate outlook remains caught between a fragile economy and oil price swings, leaving traders weighing trade diversification headlines against domestic headwinds.