Katy Perry and Justin Trudeau’s confirmed relationship, which began in mid-2025 and went public that October, features affectionate public appearances including their second red carpet outing in September 2026, yet shows no verified signals of an engagement. Perry has described Trudeau as “the love of my life” and a stabilizing force after her prior split, while the pair focuses on co-parenting their children and settling into a rhythm after a busy touring period. With only three months remaining before the market’s end-of-2026 cutoff and no reported proposals, announcements, or accelerated timeline indicators, traders assign the 89.5% implied probability to “No,” reflecting the absence of concrete steps toward that milestone amid typical celebrity relationship pacing and family considerations.