Before the Bell: What every Canadian investor needs to know today
Global shares are rising as negotiations between Iran and the U.S. suggest a potential easing of tensions. Oil prices have fallen to two-week lows amid optimism for a peace deal, despite ongoing disputes. The Canadian dollar has strengthened against the U.S. dollar, while gold prices have increased slightly.
- ▪Global shares were on the rise as signs of negotiations between Iran and the U.S. eased concerns about inflation.
- ▪Oil prices fell to two-week lows, with Brent crude futures down 4.23 percent to US$99.16 a barrel.
- ▪The Canadian dollar strengthened against its U.S. counterpart, trading between 72.34 and 72.49 US cents.
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ShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEquitiesGlobal shares were on the rise as signs Iran and the U.S. were negotiating an end to their conflict eased concerns about inflation and a global economic slowdown.TSX futures followed sentiment higher.Markets in the United States, Britain and Hong Kong are closed for holiday.“Markets are rapidly transitioning from pricing geopolitical fear toward pricing a potential peace dividend as Hormuz reopening expectations pressure oil and the dollar lower,” analyst Stephen Innes said in a commentary.Overseas, the pan-European STOXX 600 was up 0.71 per cent in morning trading.
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