Canadian shares are expected to open weak due to hawkish Fed comments and low metal prices. Bank of Montreal and National Bank of Canada reported second-quarter earnings growth. BMO’s net income rose to C$1.87 billion, while National Bank’s net income increased to C$906 million. The S&P/TSX Composite Index closed down 0.48% on Tuesday. Asian stocks ended lower amid higher U.S. bond yields. Geopolitical tensions rose after a Greek ship was attacked in the Red Sea. European stocks traded lower on concerns of higher interest rates. Oil prices surged due to Middle East tensions, with WTI crude at $80.41 a barrel, gold down at $2,341.60 an ounce, and silver at $32.115 an ounce.

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