OFF THE WIRE

May 29 (Reuters) - The heads of the International Energy Agency, International Monetary Fund, ​World Bank and World Trade Organization warned ‌on Friday that the war in the Middle East was straining global energy supplies and hitting vulnerable economies hardest.The U.S.-Israel ​war on Iran has disrupted trade, rattled ​financial markets and raised concerns over global energy ⁠supplies, particularly through the Strait of Hormuz, a ​key route for oil and gas shipments.

May 29 (Reuters) - Federal Reserve officials continued on Friday ​to signal the U.S. central bank may need to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation.The potential shift ‌in the monetary policy outlook has even been embraced by Fed Vice Chair for Supervision Michelle Bowman, one of the central bank's most dovish policymakers. Bowman told a conference in Iceland on Friday that the war and its resulting energy shock could change her view on the outlook for rates.

May 29 (Reuters) - Federal Reserve officials continued on Friday to signal the U.S. central bank may need ​to raise interest rates in the future if the war in the Middle East leads to a persistent increase in already-high inflation.The potential shift in the ‌monetary policy outlook has even been embraced by Fed Vice Chair for Supervision Michelle Bowman, one of the central bank's most dovish policymakers. Bowman told a conference in Iceland on Friday that the war and its resulting energy shock could change her view on the outlook for rates.

TORONTO, May 29 (Reuters) - The Canadian ​dollar edged lower against its U.S. counterpart on Friday as domestic data ‌that showed the economy slipping into a surprise technical recession offset the prospect of an imminent deal to extend the ceasefire in the Middle East.The loonie was trading 0.1% lower at 1.3790 per ​U.S. dollar, or 72.52 U.S. cents, after moving in a range of 1.3771 ​to 1.3829.On Thursday, the currency hit a six-week intraday low of ⁠1.3869. For the week, it was up 0.2%.

WASHINGTON/CAIRO, May 29 (Reuters) - U.S. President Donald Trump said he would make a final decision on Friday over a deal with Iran to extend their ‌ceasefire that would need to include opening the Strait of Hormuz and dismantling Tehran's capacity to make a nuclear weapon.