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.

The entities involved

• Statistics Canada →

  Canada's principal government institution in charge of statistics and census data

  • The Bank of Canada, in conjunction with Statistics Canada, is navigating economic uncertainty and trade spats while analyzing Canadian economic performance.Fri 11:38
  • Canada hosts the Canada-EU Summit while Statistics Canada releases GDP figures and the Bank of Canada prepares its interest rate decision.Fri 03:24
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • The war in the Middle East has hammered the New Zealand economy, occurring while Christopher Luxon leads the ruling coalition.01:25
  • Sappi is facing operational challenges due to the ongoing geopolitical conflict in the Middle East, which is driving up petrochemical costs and market risks.Fri 23:57

Related events

• Global oil prices are impacting Canadian energy exports, while the Iran conflict continues to raise regional tensions.Jun 7
• FED rate hike expectations persist despite Middle East tensions, clouding the gold outlook.Jun 10
• Trump's administration imposes tariffs, sends troops to the Middle East, and challenges Congressional oversight.Aug 1
• Escalating hostilities in the Middle East drove commodity price surges, which subsequently influenced major stock indices like Nifty 50 and Sensex.Jul 14
• Geopolitical tensions in the Middle East are driving oil prices up, leading to inflation risk for the Fed and strengthening the dollar.Jul 9