Ideas Markets Events Research
Close
search
Ideas
Markets
Events
Research
Nothing found
Select a section for which the search will be carried out
9 July 2025 | Other

Risks of tighter US tariff policies toward Canada weigh on local currency growth

AUDCAD
GBPCAD
EURCAD
USDCAD
Risks of tighter US tariff policies toward Canada weigh on local currency growth

Despite a slight rise in the Canadian dollar against the American one on Tuesday, it continues to trade near an eight-day low. Risks of new tariff restrictions from the United States are forcing traders to act with caution, Reuters reports.

The day before, Donald Trump signaled his readiness to impose 50% tariffs on copper imports to stimulate domestic production of the metal, which plays a key role in the automotive industry and energy transition. However, the timing of the announced restrictions remains unclear, the news agency notes.

The tightening of the US President’s trade policies may worsen Canada’s economic situation, which has already suffered losses due to previously imposed duties on Canadian cars, steel, and aluminum. The two countries continue negotiations. The next meeting between Donald Trump and Canadian Prime Minister Mark Carney is scheduled for July 21, according to Reuters.

Elizaveta Kuzmicheva MarketCheese

Recommended

United States. Atlanta Fed GDPNow. The value of the indicator has increased from 3.7% to 4%
Yesterday at 3:37 PM
United States. Retail Sales (MoM). The value of the indicator has decreased from 1.6% to 0.5%
Yesterday at 12:30 PM
United Kingdom. GDP (YoY). The value of the indicator has increased from 1% to 1.1%
Yesterday at 6:01 AM
United Kingdom. Trade Balance. The value of the indicator has decreased from -22.8B to -27.22B
Yesterday at 6:01 AM
United States. PPI (MoM). The value of the indicator has increased from 0.7% to 1.4%
13 May
Top news
United States. Retail Sales (MoM). The value of the indicator has decreased from 1.6% to 0.5%
Yesterday at 12:30 PM
European Union. GDP (QoQ). The value of the indicator remained at the same level of 0.1%
13 May
United States. CPI (YoY). The value of the indicator has increased from 3.3% to 3.8%
12 May
United States. Nonfarm Payrolls. The value of the indicator has decreased from 185K to 115K
8 May
United States. Unemployment Rate. The value of the indicator remained at the same level of 4.3%
8 May
All news

Forecasts

ETHUSD buy
Period: 28.05.2026 Expectation: 155 pips
Investing in ETHUSD up to $2,425
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 11:11 AM 23
Reed_Marcus
Gold buy
Period: 21.05.2026 Expectation: 900 pips
Purchasing gold with $4,790 in view during consolidation following recent correction
FA Other Technical analysis Indicators Chart analysis Fundamental analysis
Yesterday at 10:26 AM 21
Lyra_Moonwell1
USDJPY buy
Period: 14.07.2026 Expectation: 2700 pips
Investing in USDJPY with 160.700 target
Indicators and reports FA Other Hot news Chart analysis
Yesterday at 09:21 AM 26
Sinclair_John
EURUSD sell
Period: 31.05.2026 Expectation: 900 pips
​​EURUSD sell-off targets 1.1655
FA Other TA Other
Yesterday at 09:12 AM 10
Bruce_Powers
S&P 500 sell
Period: 30.06.2026 Expectation: 1600 pips
Go short on SPX as correction risks mount
TA Other
Yesterday at 09:10 AM 7
McCarthy_Raymond
S&P 500 sell
Period: 21.05.2026 Expectation: 1500 pips
Selling S&P 500 with 7,300 target amid inflation shock and overheated market conditions
Indicators and reports Technical analysis Indicators Hot news Fundamental analysis
Yesterday at 08:03 AM 14
Emily_Foster
Go to forecasts