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Finance & Markets

Bay Street Headed For Weak Start

(RTTNews) - Lower Canadian and U.S. index futures and weak precious metals prices are likely to weigh on Canadian stocks Thursday morning. Additionally, the sharp rise in oil prices has fueled inflation and interest rate concerns.

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IMF says Middle East, North Africa and Pakistan GDP to contract 1.3pc in 2026

The International Monetary Fund (IMF) on Thursday forecast a sharp drop in economic output in Pakistan, the Middle East and North Africa this year due to the US-Israeli-led war against Iran , followed by a rebound to 6.6 per cent growth in 2027, while warning that further energy production disruptions could worsen the outlook.

IMF says Middle East, North Africa and Pakistan GDP to contract 1.3pc in 2026

The International Monetary Fund (IMF) on Thursday forecast a sharp drop in economic output in Pakistan, the Middle East and North Africa this year due to the US-Israeli-led war against Iran , followed by a rebound to 6.6 per cent growth in 2027, while warning that further energy production disruptions could worsen the outlook.

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