Global Economy & Trade: Central Banks on the Move as US-Canada Trade War Intensifies

Trump's 50% tariffs on $28 billion of Canadian goods have sent shockwaves through North American markets, yet the Canadian dollar remains surprisingly resilient at around 72 U.S. cents. Unlike the early 2025 tariff shock that sent the loonie to 68.96 cents, traders now view Trump's threats as negotiation tactics rather than permanent policy. "Is this a sign of resilience or is the market being complacent?" asks Desjardins strategist Mirza Baig.

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