WTI crude futures rose 4.00% intraday to $71.30 per barrel.

Canada's trade surplus widened to CAD 4.24 bln in May, versus consensus CAD 2.85 bln; April's surplus was revised up to CAD 3.41 bln from CAD 2.72 bln.

Goldman Sachs economists, commenting on Monday’s CPI release, said June headline CPI rose unexpectedly less than forecast. They noted core CPI beat Goldman’s estimate but said it is not a primary concern at this stage. A forward-looking survey showed firms’ output-price expectations eased in June, implying limited evidence of persistent underlying price pressure. Goldman Sachs continues to expect the BOT will keep its policy rate at 1.00% through end-2026.