India, July 8 -- The Canadian market is seen opening on a negative note on Wednesday amid escalating U.S.-Iran tensions and fears of inflation and monetary tightening by central banks.
Middle east tensions have escalated amid reports of U.S. airstrikes on Iranian targets and the decision to revoke a sanctions waiver that had allowed Iran to sell oil globally.
U.S. President Donald Trump declared at the NATO Summit that the Iran ceasefire "is over," raising fears of a larger conflict with Iran and Strait of Hormuz disruptions.
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