Canadian Market Likely To Swing Between Gains And Losses

Escalating Middle East tensions are triggering wild swings in oil prices and are likely to increase intraday volatility in Canadian equities. Simultaneous concerns that multiple central banks could hike rates sooner than expected are keeping market sentiment cautious and risk-off, pressuring cyclical and energy-linked positions.

Analysis

Escalating Middle East tensions are triggering wild swings in oil prices and are likely to increase intraday volatility in Canadian equities. Simultaneous concerns that multiple central banks could hike rates sooner than expected are keeping market sentiment cautious and risk-off, pressuring cyclical and energy-linked positions.