I spoke with BNNBloomberg on Thursday concerning the dangers across the White Home’s April 2nd deliberate announcement on international reciprocal tariffs, one thing I wrote about right here.
I additionally dove deeper into the Financial institution of Canada resolution:
Individuals are overlooking the survey information they launched.It was extremely uncommon to publish a survey together with the
decisionThe survey is the message and it reveals 40% planning to
lower employment and 48% capital expenditure
Broadly, I am nonetheless upbeat on on the Canadian greenback from right here as a result of I do not assume tariffs will (or can) final.
Trump is
saying tariffs and annexation however the loonie isn’t falling, that’s the messageIf you
take heed to what Trump’s deputies are saying, they’re nonetheless highlighting fentanyl,
which I anticipate they are going to pivot away at month endWhite Home
Financial Advisor Kevin Hassett mentioned it was time to get bullish in Canada and MexicoCongress
has been comparatively quiet, which I imagine is short-term deference, probably solely
till month endI proceed
to imagine that they’re asking to renegotiate USMCA sooner, although Canada is
hardly ready to comply with that as a result of an election name is imminent
Watch it right here:
This text was written by Adam Button at www.forexlive.com.
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