Canadian stocks are likely to open mixed on Monday as investors digest a jump in domestic inflation to 3.2% in May and diplomatic progress between the US and Iran. Statistics Canada reported the headline inflation rate rose from 2.8% in April, exceeding the 3% market forecast and marking the fastest pace since December 2023, while annual core inflation edged up to 2.2%. US Vice President JD Vance described Sunday’s negotiations as a “very, very good day” and said Iran agreed to admit nuclear monitors. The benchmark S&P/TSX Composite Index ended Friday down 111.92 points, or 0.32%, at 34,857.34.