BOC Governor Macklem said Canada needs to create more investment-friendly outlets to give savers places to deploy their funds.

On June 22, Ghalibaf, head of Iran’s negotiation delegation and parliament speaker, said management of the Strait of Hormuz will not return to its pre-war status and, while claiming compliance with international law, will be carried out under a mechanism set by Iran. He said Iran and the US agreed to establish a coordination centre and hotline to resolve incidents more quickly within a 30-day timeframe. The hotline is not for approving transit permits, which will follow existing procedures; it is intended only to handle vessel problems or emergencies.

India June composite PMI preliminary 57.4, below expected 59 and down from prior 59.3.