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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Markets Steady as Oil Rises on Middle East Tensions


Markets are mixed this morning, with oil climbing on renewed Middle East tensions while equities hold steady ahead of a pivotal week for earnings and central bank signals.

Global markets opened cautiously today as geopolitical tensions and stalled Iran peace talks pushed oil prices higher, keeping investors on edge. S&P 500 futures hovered near flat, while Nasdaq-100 futures ticked up 0.2% and Dow futures slipped slightly. The backdrop remains dominated by uncertainty in the Strait of Hormuz, where fresh disruptions have lifted crude benchmarks.

Oil markets are firming, with West Texas Intermediate climbing above US$96 per barrel and Brent surpassing US$107, reflecting supply concerns tied to regional instability. 

On the corporate front, investors are bracing for a heavy week of earnings from major tech names—five of the “Magnificent Seven” report in the coming days—adding to market sensitivity. Meanwhile, attention is turning to the Federal Reserve’s upcoming policy decision, which could be Jerome Powell’s final meeting as chair before Kevin Warsh steps in. 

Despite geopolitical headwinds, April remains a strong month for equities, with the S&P 500 up more than 9% and the Nasdaq up over 15% month-to-date. 


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