Live Updates > Live Update Details
2025-08-02 18:38:38
[US-Canada trade negotiations are in trouble, is the Canadian dollar on the verge of death?] ⑴ Under Trump's tariff policy, trade relations between the United States and Canada remain tense. ⑵ The United States imposed a 35% tariff on Canadian goods not included in the USMCA agreement. ⑶ This move has caused the Canadian dollar to fall to a two-month low against the US dollar. ⑷ At the same time, the Bank of Canada is facing a dilemma between rising inflation and a slowing economy. ⑸ Although Bank of Canada Governor Macklem said that potential inflation may gradually subside, he also hinted that further interest rate cuts may be needed if the economy continues to weaken. ⑹ The market will closely monitor the upcoming July employment report, which will be a key indicator of the economic direction. ⑺ If the employment data is strong, it may reduce the need for the central bank to cut interest rates immediately, thereby providing support for the Canadian dollar. ⑻ Conversely, if the data is weak, it will increase pressure on the central bank to ease monetary policy, and the Canadian dollar may face further downside risks.
