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Key international developments shift economic and market focus
International activity included the end of the US shutdown, higher India–Canada trade, and weaker Asian equities influenced by interest rate expectations across regional markets.
Several global updates shaped market attention, including the end of the US government’s longest shutdown, enabling federal operations to resume without further delays. India–Canada trade for 2024 reached approximately $23 billion, reflecting a ten percent increase over the previous year. Across Asia, equity benchmarks moved lower due to concerns surrounding potential interest rate actions.
Activity levels varied across regions as currency movement and cross-border trade updates influenced short-term sentiment while broader macroeconomic indicators remained under observation during the day.