USD/CAD posts modest gains above 1.4300, eyes on US PCE release
Portfolio Pulse from
President Trump announced a 25% tariff on imported cars and light trucks, effective April 2, which could escalate trade tensions with Canada and the EU. The move comes alongside US Q4 GDP growth of 2.4% and may impact currency markets, particularly the USD/CAD exchange rate.
March 27, 2025 | 11:15 pm
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NEGATIVE IMPACT
The Canadian Dollar ETF may experience increased volatility due to Trump's new auto tariffs, which could negatively impact Canada's export-dependent economy.
The tariffs directly threaten Canada's auto and export sectors, potentially weakening the Canadian Dollar and impacting the FXC ETF's performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80