Oil Spike on Iran War Seen Boosting Canada's Growth, Inflation

Oil Spike on Iran War Seen Boosting Canada's Growth, Inflation

(Bloomberg) — A sustained rise in oil prices would lift Canada’s economic growth and inflation outlook, Bank of Nova Scotia says.

Oil Surges Amid Iran Tensions, Inflation Fears Spike

Oil surged the most in four years as the Iran war threatened to snarl shipping lanes, stoking inflation fears that pummeled Treasuries amid diminishing odds for a rate cut. The dollar rose. Stocks bounced from session lows. Also weighing on bonds were figures showing manufacturing expanded, with input prices soaring. Ten-year yields headed toward their biggest advance since April. The S& Source