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The progress of the US military operation has significantly outpaced the initially estimated 4 to 5 week timeline. Crude oil prices turned lower during the day, with WTI crude oil prices falling by about 2%.

According to Golden Ten Data on March 10, Bank of America has abandoned its previous forecast that the Bank of Canada would cut interest rates twice more this year (by 25 basis points each time), citing the impact of rising energy prices on the economy. Bank of America economist Carlos Capistrán stated that it is now expected that the Bank of Canada will keep interest rates unchanged until 2026. Oil prices, driven higher by military conflicts in the Middle East, are expected to push up inflation and income in Canada. As a major oil exporter, Capistrán estimates that a sustained 10% increase in oil prices will boost Canada's GDP growth by 0.3 percentage points and CPI growth by 0.4 percentage points over the next 12 months. Capistrán said he does not expect the Bank of Canada to raise interest rates, as any price pressures will be offset by a strong appreciation of the Canadian dollar.

According to data compiled by Bloomberg, for the week ending March 6, US-listed emerging market ETFs investing in multiple emerging market countries or specific countries recorded a total inflow of $874.3 million, an 89% decrease compared to the previous week's $7.66 billion; the previous week's inflow was the largest in over a year, at a time when the Middle East conflict had not yet erupted. Expand