The market reacted to the latest domestic wholesale trade growth data from Statistics Canada, amidst geopolitical risks posed by the Middle East conflict and threats to global oil supplies.
1 report, 1 independent
Updated Aug 10
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What happened
The market reacted to the latest domestic wholesale trade growth data from Statistics Canada, amidst geopolitical risks posed by the Middle East conflict and threats to global oil supplies.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Statistics Canada
Canada's principal government institution in charge of statistics and census data
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Supply concerns are driving up crude oil prices while U.S. Treasury yields hit multiyear highs, alongside positive wholesale sales and trade surplus growth.
- Iran declares a restricted maritime zone in the Gulf amid geopolitical tensions affecting oil prices and global trade.
- The Middle East conflict is driving up prices, while Mark Carney criticized the US approach to trade talks regarding new tariffs on Canadian products.
- Global oil prices are impacting Canadian energy exports, while the Iran conflict continues to raise regional tensions.
- Conflict in the Middle East is driving up global oil and gasoline prices, which is influencing central bank policy decisions based on consumer price index data.