📰 USDCAD Surges: Trump's 35% Tariff Threat Trumps Strong Canadian Job Growth
📅
Jul 11, 2025, 05:39 EDT
| 🔗 Source: Trading Economics
🧠 Summary
Trump's new 35% tariff threat on Canadian goods escalated trade tensions, weakening the Canadian dollar. Despite robust June job growth tempering Bank of Canada rate cut expectations and offering some CAD support, the looming tariffs and trade uncertainty remain dominant factors for USDCAD.
💡 Why this signal?
- President Trump's substantial 35% tariff threat against Canadian goods significantly increases trade policy uncertainty and puts strong downward pressure on the Canadian dollar.
- Although Canada's robust jobs report lessened the likelihood of a Bank of Canada rate cut, the economic threat posed by the tariffs likely outweighs this domestic positive for CAD.
📈 USDCAD Price Trend
⏱️ Impact Timing
As soon as the news is out, with continued impact towards the August 1 deadline.
👥 Competitor Impact
No competitors impacted.
🔒 Log in to view AI-generated advisor insights for USDCAD.
Login