Published: 2025-01-21T02:20:32.000Z
USD/CAD flows: Tariff Man Strikes
FX Analyst
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Trump suggesting 25% tariff on Canada on Feb 1
A vibrant start for Tuesday as we began to hear the barrage of executive order from Trump. While none has been directly related to tariff yet, Trump is floating the idea of 25% tariff on Canada and Mexico on February 1, a percentage that seems to be higher than previously anticipated.
The Loonie is getting smashed and see USD/CAD jumped to 1.4518 before retracing a tad to 1.4431, still up 0.86% higher.