India, April 7 -- Canadian shares are likely to open on a mixed note on Tuesday with investors focusing on news about the ongoing conflict in the Middle East. U.S. President Donald Trump's ultimatum to Iran to open the Strait of Hormuz lapses today, and Tehran appears to be in no mood to strike a deal anytime soon.
With the warring nations continuing to engage in strikes, crude oil prices have surged higher, raising inflation and growth concerns, and possible monetary tightening by several central banks.
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