Canada building permits rose 18.5% MoM in June; May revised from -1.7% to -3.0%.

Shanghai issued an action plan to implement measures to boost private investment, saying it will support recommending private enterprises to participate in projects subject to national approval in rail, nuclear power, hydropower, cross‑provincial DC transmission corridors, oil and gas pipelines, imported LNG receiving and storage/transport facilities, and water supply to raise private capital participation in major national infrastructure. The plan directs private firms to use involvement in national projects to expand energy and transport sector footprints and to increase investment in R&D and manufacturing of high‑end energy equipment.

TASS: Russian authorities said they are working to redirect cargo flows to alternative routes.