India's high commissioner to Canada said global investors remain cautious about Canada's regulatory processes and project approval procedures.

Seema Shah, chief global strategist at Principal Asset Management, said US inf remains at a worrying 4%, but softer‑than‑expected core readings have eased some pressure. Energy price gains are the main driver while housing costs have moderated; she sees no clear evidence of broader second‑round effects. That should allow the Fed to remain patient. Markets may be pricing too much further tightening this year, but that risk persists and today’s data did not eliminate it.

U.S. defense secretary Hegseth on Iran said Central Command (CENTCOM) will be very busy tonight and the United States will carry out heavy strikes tonight, bombing key Iranian facilities.