Traders Face 'Considerable Uncertainty' Over Mideast Conflict, Bank of Canada's Macklem Says

By Paul Vieira

OTTAWA--The conflict in the Middle East has upended financial markets, due in part to "considerable uncertainty" about how long military operations will last, said Bank of Canada Gov. Tiff Macklem.

Macklem referred briefly to the joint U.S.-Israel attacks in Iran in remarks prepared for delivery in Toronto.

"As we speak, the actions taken against Iran by Israel and the United States have increased volatility in energy and financial markets and there is considerable uncertainty about the duration and fallout of this conflict," Macklem said, according to the prepared remarks.

Write to Paul Vieira at [e-mail]

(END) Dow Jones Newswires

03-04-26 1047ET