Canadian stocks look headed for a positive start Wednesday morning with resources stocks set to see some brisk buying thanks to rising commodity prices. The focus will be the monetary policy announcements from the Bank of Canada and the Federal Reserve.
The Bank of Canada is set to announce its interest rate decision at 9:45 AM ET. The Canadian central bank is widely expected to hold rates at the current 2.25% level.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.