USD/CAD flows: Canada rescinds Digital Services Tax

After Trump cancelled trade talks with Canada last week, Canada has made the first move to rescind Digital Services Tax to advance broader trade negotiations with the US. It is a positive sign and see Trump resuming talks with Canada, aiming for a deal within the next three weeks.

USD/CAD opened a few pips higher but the gap was quickly closed and see the pair currently trading 0.03% lower at 1.3677.