Bay Street Likely To Open Notably Lower

Canada is expected to open lower Wednesday as escalating U.S.-Iran tensions raise risk appetite concerns, alongside fears that inflation could prompt further monetary tightening by central banks. The prospect of higher rates/increased yields adds additional headwinds for equity sentiment.

Analysis

Canada is expected to open lower Wednesday as escalating U.S.-Iran tensions raise risk appetite concerns, alongside fears that inflation could prompt further monetary tightening by central banks. The prospect of higher rates/increased yields adds additional headwinds for equity sentiment.