Why the Canadian dollar isn't sweating the latest Trump tariff threat
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The Canadian dollar remains stable despite Trump's threat of 100% tariffs if Canada makes a deal with China. Trump warned that such a deal would harm Canada significantly. However, Treasury Secretary Scott Bessent clarified that the tariffs would only apply if Canada signed a free trade agreement with China, which is not currently planned. The situation appears to be more political theater than a real economic threat, with the USD/CAD exchange rate slightly down to 1.3692.
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