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Markets Score 65 Neutral

Canadian Markets Expected to Open Mixed Amid Geopolitical Tensions and Rate Uncertainty

Apr 07, 2026 12:28 UTC
CL=F, XOM, ^VIX
Immediate term

Canadian shares are likely to open on a mixed note as investors weigh ongoing Middle East tensions and upcoming U.S. inflation data. The market remains cautious ahead of the Federal Reserve's policy decision.

  • Canadian shares expected to open mixed due to geopolitical tensions and U.S. inflation data
  • Fairfax Financial Holdings increases stake in Ensign Energy Services
  • Copperleaf Technologies in acquisition deal with Industrial and Financial Systems
  • Statistics Canada reports 20.5% rise in building permits in April
  • S&P/TSX Composite Index closed up 0.29% at 22,069.76
  • West Texas Intermediate Crude oil futures down 0.35% to $77.47 per barrel

Canadian equities are expected to open with a mixed tone on Tuesday as investors remain cautious ahead of key U.S. economic data and the Federal Reserve's upcoming monetary policy announcement. The market is closely monitoring developments in the Middle East, where ongoing conflict and geopolitical uncertainty continue to weigh on investor sentiment. Fairfax Financial Holdings Inc (FFH.TO) has increased its stake in Ensign Energy Services (ESI.TO), purchasing 3.79 million shares at $2.34 per share. Meanwhile, Copperleaf Technologies Inc (CPLF.TO) announced a deal with Industrial and Financial Systems, under which the latter will acquire all outstanding shares of Copperleaf at $12 per share. Descartes Systems Group (DSG.TO) also made headlines with the acquisition of BoxTop Technologies Ltd for US$13 million. On the economic front, Statistics Canada reported a 20.5% month-on-month increase in building permits in April, following a -12.3% decline in March. The S&P/TSX Composite Index closed Monday up 0.29% at 22,069.76 after trading in a narrow range. Asian and European markets are also showing mixed performance, with European stocks down as investors await U.S. inflation data and the Fed's rate decision. In commodities, West Texas Intermediate Crude oil futures fell 0.35% to $77.47 per barrel, while gold futures rose 0.3% to $2,333.90 an ounce.

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