Canadian equities gave back early gains and slumped intraday as traders parsed Canadian jobs data and U.S. core PCE inflation figures amid a deepening Middle East conflict. The mix of fresh economic data and geopolitical risk pushed markets into a risk-off stance, likely increasing volatility and putting pressure on cyclicals and rate-sensitive sectors.
Canadian equities gave back early gains and slumped intraday as traders parsed Canadian jobs data and U.S. core PCE inflation figures amid a deepening Middle East conflict. The mix of fresh economic data and geopolitical risk pushed markets into a risk-off stance, likely increasing volatility and putting pressure on cyclicals and rate-sensitive sectors.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.20
