Oil Storm: Bank of Canada Sees Growth Risks as Markets Tumble and Carney Rules Out Energy Weapon

Oil prices surged nearly 7% on Wednesday as fighting resumed in the Middle East, sending TSX Composite down 415 points to 35,333.78. The energy-driven selloff hit financials hardest (-2.92%), while energy stocks bucked the trend (+3.16%). Benchmark WTI crude settled at US$84.46 per barrel, while Brent leaped to US$88.09, reviving inflation fears that dominated the Bank of Canada's latest deliberations.

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**Bank of Canada officials revealed...