Canadian markets decline as U.S. recession concerns grow

Global markets showed mixed results as investors prepared for central bank meetings this week. Wall Street futures were down after a rally on Friday, while TSX futures also declined. Concerns about a potential U.S. recession added to market uncertainty. Oil prices increased due to U.S. military actions in Yemen and positive economic data from China. Brent crude rose to $71.21 a barrel, while West Texas Intermediate reached $67.80. Gold prices remained high, trading at $2,991.13 an ounce. The Canadian dollar strengthened slightly against the U.S. dollar, trading between 69.50 and 69.70 cents. The U.S. dollar index fell to a near five-month low. Economic data releases are expected today, including Canadian housing starts and U.S. retail sales.