OFF THE WIRE

Reuters

Goldman sees softer oil demand, flags two-sided risks to 2026 price outlook

April 17 (Reuters) - Goldman Sachs said softer oil demand and easing supply disruptions have balanced out the risks in its oil price outlook, though it kept its 2026 average forecasts unchanged.The bank maintained ‌its Brent and WTI crude forecasts for 2026 at $83 a barrel and $78 a barrel, respectively, assuming oil flows through the Strait of Hormuz, a vital waterway through which about 20% of the world's oil and liquefied natural gas supplies pass, gradually normalize by mid-May.

Apr 17, 2026 - 6:06 PM

Reuters

Canadian dollar hits one-month high as Iran says key waterway open

TORONTO, April 17 (Reuters) - The Canadian dollar strengthened to a one-month high against its U.S. counterpart ‌on Friday as investors globally celebrated Iran's move to open the Strait of Hormuz.The loonie was trading 0.2% higher at 1.3675 per U.S. dollar, or 73.13 U.S. cents, after touching its strongest intraday level since March 13 at 1.3650. For the week, the loonie was up 1.2%, marking its biggest weekly advance since January.

Apr 17, 2026 - 5:01 PM

Reuters

BoC governor says not concerned about short-term spike in inflation expectations

OTTAWA, April 17 (Reuters) - Bank of Canada Governor Tiff Macklem said on Friday inflation will rise in the short term and that an uptick in near-term inflation expectations would not worry ‌the central bank.However, he said he would be concerned if longer-term inflation expectations remained elevated.Macklem was speaking to journalists on a call from Washington on the sidelines of the IMF meetings.“It’s certainly going to go up,” Macklem said of March inflation data due on Monday.

Apr 17, 2026 - 2:40 PM

Reuters

US buyers redirect imported fertilizer overseas as Iran war drives up global prices

CHICAGO, April 17 (Reuters) - U.S. fertilizer buyers are redirecting shipments out of the country, as higher overseas prices give them an incentive to divert critical supplies, a fertilizer analyst said.

Apr 17, 2026 - 2:36 PM

Reuters

Fed's Waller says swift war end could keep rate cut hopes alive

April 17 (Reuters) - Federal Reserve Governor Christopher Waller said on Friday the Middle East War is likely to drive up inflation near term and creates a challenging outlook for monetary policymakers, although he said a fast end to the troubles would keep the ‌door open to cutting interest rates again later this year.

Apr 17, 2026 - 2:35 PM

Geopolitical stress not yet reflected in euro zone bank earnings, supervisor says

Reuters - Apr 17, 2026 - 12:53 PM

Warsh may have ideas for Fed, but economy may require something different, Daly says

Reuters - Apr 17, 2026 - 12:43 PM

Aluminum in crisis: War, tariffs and a market running on empty

Reuters - Apr 17, 2026 - 12:18 PM

Vale books best first-quarter iron ore sales in eight years

Reuters - Apr 17, 2026 - 12:14 PM

Iron ore price rises on Australia supply disruption fears, portside stocks decline

Reuters - Apr 17, 2026 - 11:43 AM

Indian gold price premiums flat despite bank import tonnes stuck at customs

Reuters - Apr 17, 2026 - 11:40 AM

Gold extends gains after Iran minister declares Strait of Hormuz open

Reuters - Apr 17, 2026 - 11:17 AM

TSX jumps more than 1% as Iran opens Strait of Hormuz

Reuters - Apr 17, 2026 - 11:03 AM

Global markets surge as Iran says Strait of Hormuz open during ceasefire

Reuters - Apr 17, 2026 - 10:50 AM

Reopened Strait of Hormuz and falling oil prices may recast Fed's options for future cuts

Reuters - Apr 17, 2026 - 10:43 AM

Canadian housing starts decrease 6% in March

Reuters - Apr 17, 2026 - 9:21 AM

Wall St Week Ahead Surging record-high US stocks to wade deeper into earnings season

Reuters - Apr 17, 2026 - 9:18 AM

STOXX 600 on track for fourth weekly win on Mideast diplomacy hopes

Reuters - Apr 17, 2026 - 9:15 AM

ASIA GOLD India gold demand lacklustre as elevated prices curb festive buying

Reuters - Apr 17, 2026 - 9:13 AM

As commodities reshape geopolitics, currency pecking order gets a reset

Reuters - Apr 17, 2026 - 9:06 AM

World stocks hold near record highs, oil keeps below $100 on peace deal hopes

Reuters - Apr 17, 2026 - 9:03 AM

Dollar set for second weekly drop, euro steadies near pre-war levels

Reuters - Apr 17, 2026 - 9:01 AM

G7 finance chiefs say it is urgent to limit Middle East war's cost to global economy

Reuters - Apr 16, 2026 - 6:41 PM

KGHM seeks copper mines closer to home to reduce logistics costs

Reuters - Apr 16, 2026 - 5:53 PM

Congo creates strategic cobalt reserve to influence supply and prices

Reuters - Apr 16, 2026 - 5:51 PM

India-Zambia talks on critical minerals stall over mining rights

Reuters - Apr 16, 2026 - 5:44 PM

US Senate narrowly overturns Minnesota mining ban, sending bill to Trump

Reuters - Apr 16, 2026 - 5:04 PM

Codelco, Anglo pursue twin environmental approvals for shared Chile copper pit

Reuters - Apr 16, 2026 - 4:41 PM

Trump administration working on critical minerals trade pact with ‘select group,’ Greer says

Reuters - Apr 16, 2026 - 4:22 PM

Stock market bulls see signs rally could endure after S&P 500 back at highs

Reuters - Apr 16, 2026 - 2:28 PM

US companies that jumped ship to tech, AI businesses over the years

Reuters - Apr 16, 2026 - 2:04 PM

Fed's Miran may scale back rate-cut outlook again due to 'less favorable' inflation developments

Reuters - Apr 16, 2026 - 1:28 PM

Fed chair nominee Warsh's disclosures don't comply with Senate ethics rules, Senator Warren says

Reuters - Apr 16, 2026 - 1:04 PM

Canadian dollar hits three-week high as Mideast peace hopes grow

Reuters - Apr 16, 2026 - 1:02 PM

ECB is good starting position to deal with inflation shock, Schnabel says

Reuters - Apr 16, 2026 - 10:03 AM

Stocks back to record-setting ways on Middle East truce hopes

Reuters - Apr 16, 2026 - 9:21 AM

Gold rises as Middle East optimism calms inflation fears

Reuters - Apr 16, 2026 - 9:19 AM

Fed's Williams says war is already driving up inflation pressures

Reuters - Apr 16, 2026 - 9:17 AM

Canadian home sales dip in March as mortgage rates jump

Reuters - Apr 16, 2026 - 9:15 AM

Hedge funds on track for best monthly returns in over a decade, Goldman says

Reuters - Apr 16, 2026 - 8:34 AM

TSX futures up as investors weigh Mideast peace prospects

Reuters - Apr 16, 2026 - 8:29 AM

Fed leadership transition on shaky ground as clock ticks on Powell's term

Reuters - Apr 16, 2026 - 8:25 AM

Wall St futures edge higher on Mideast diplomacy hopes, strong earnings

Reuters - Apr 16, 2026 - 8:20 AM

Nornickel seeks new market for palladium in EVs with catalyst for lithium‑sulphur batteries

Reuters - Apr 15, 2026 - 5:51 PM

China copper consumption to grow by 3.7% annually through 2035, Minmetals says

Reuters - Apr 15, 2026 - 5:33 PM

Indonesia nickel smelter group says new ore pricing formula would hurt industry

Reuters - Apr 15, 2026 - 5:28 PM

Brazil mining sector posts higher Q1 revenue, association says

Reuters - Apr 15, 2026 - 5:27 PM

Ivanhoe holds ‘captive audience’ on Congo sulphuric acid market, CEO says

Reuters - Apr 15, 2026 - 5:25 PM

Nasdaq sets record highs as investors return to tech stocks

Reuters - Apr 15, 2026 - 4:50 PM

S&P 500 hits first intraday record high since US-Iran war

Reuters - Apr 15, 2026 - 4:13 PM