It’s a pivotal day in Canadian dollar trading as the deadline for the US to impose tariffs on Canada nears. It would also kick off retaliatory tariffs by Canada and court challenges. USD/CAD was trading at 1.4555 as the call with Trudeau and Trump got underway after having…
Read MoreMajor US indices start the week with declines. The biggest loser of the Big 3 indices was the NASDAQ index which fell -1.20%. The Russell 2000 was also hit hard with a decline of -1.28%. A snapshot of the closing levels shows: Dow industrial average -122.75 points or…
Read Moremore to come Trump says call with Prime Minister Trudeau went “very well.” Trump was asked if tariffs against Canada are going into effect tonight, he said, “Watch.” This article was written by Eamonn Sheridan at www.forexlive.com.
Read MoreNZ data is not shifting around the NZD, its all about Trump’s tariff trade war. The latest is: Trump will pause tariffs on Canada for 30 days The weekend announcement of tariffs ion China, Canada and Mexico sent the USD soaring and risk plunging. Trump has delayed tariffs…
Read MoreCanada’s PM Trudeau: Delay in US tariffs for at least 30 days. Nearly 10,000 troops to protect border, will we keep an eye on the border 24/7 I had good call with Trump. will appoint a fentanyl czar will add Mexican cartels to the list of terrorist entities…
Read MoreThe AUDUSD fell sharply on the tariff news and in the process, the price fell below a swing area between 0.61621 and 0.6178 the momentum continued until reaching the lowest level going back to April 2020. However, the sellers turned buyers and after breaking back above the low…
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Read MoreBank of Canada interest rate probabilities could make a big move in the day ahead as tariffs are either imposed, delayed or called off. At the moment, the market is feeling more optimistic but that could change quickly. The next BOC meeting is on March 12 and the…
Read MoreThe WSJ is reporting that the Trump administration is considering executive actions to dismantle the U.S. Department of Education. The plan comes as part of a broader effort, backed by billionaire Elon Musk and DOGE, to reduce the size of federal agencies. The potential executive order would aim…
Read MoreComments from the White House and Navarro indicated that Canada hasn’t done enough to avoid tariffs. Then again, the actions from Mexico indicate that a token move shuffling troops around is enough to stave off tariffs, at least for a month. Canada would also be wise (if possible)…
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