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 | 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

Australia. CFTC AUD speculative net positions. The value of the indicator has decreased from -94.9K to -100.6K
29 August
United Kingdom. CFTC GBP speculative net positions. The value of the indicator has decreased from -25.2K to -31.4K
29 August
Canada. CFTC CAD speculative net positions. The value of the indicator has decreased from -93.1K to -105K
29 August
European Union. CFTC EUR speculative positions. The value of the indicator has increased from 118.7K to 123K
29 August
United States. Atlanta Fed GDPNow. The value of the indicator has increased from 2.2% to 3.5%
29 August
Top news
United States. PCE price index (YoY). The value of the indicator remained at the same level of 2.6%
29 August
United States. Core PCE Price Index (YoY). The value of the indicator has increased from 2.8% to 2.9%
29 August
United States. GDP (QoQ). The value of the indicator has increased from 3% to 3.3%
28 August
European Union. Manufacturing PMI. The value of the indicator has increased from 48.4 to 50.5
21 August
European Union. Trade Balance. The value of the indicator has decreased from 16.5B to 7B
18 August
All news

Forecasts

AUDCAD sell
Period: 05.09.2025 Expectation: 900 pips
AUDCAD loses momentum near channel resistance
TA Other Technical analysis Indicators Chart analysis
29 August 2025 38
Lyra_Moonwell1
GBPUSD buy
Period: 05.09.2025 Expectation: 900 pips
Inverse head and shoulders pattern to form upon GBPUSD break of 1.358
Hot news Indicators Chart analysis
29 August 2025 45
Tom_Kern
USDJPY sell
Period: 30.11.2025 Expectation: 2800 pips
USDJPY set to weaken in medium term
FA Other Chart analysis
29 August 2025 24
McCarthy_Raymond
Brent sell
Period: 05.09.2025 Expectation: 200 pips
Brent declines amid growing inventories and potential production increases
FA Other Technical analysis Indicators and reports Indicators Fundamental analysis
29 August 2025 46
Emily_Foster
USDCAD buy
Period: 05.09.2025 Expectation: 600 pips
Buying USDCAD on divergent data from US and Canada
FA Other Chart analysis
29 August 2025 24
McCarthy_Raymond
Tesla Inc buy
Period: 30.11.2025 Expectation: 3000 pips
Tesla shares to get boost on breaking $370
FA Other Chart analysis
28 August 2025 45
McCarthy_Raymond
Go to forecasts