Categories: Forex Analysis

USD/CAD Outlook: Loonie Sinks to 2003 Lows on Trum Tariff

US President Donald Trump announced the start of tariffs on Canada. Trump’s tariffs will pressure the Bank of Canada to cut interest rates.  Canada’s economy contracted by 0.2%. The USD/CAD outlook indicates a looming trade war between the US and Canada after Trump implemented a 25% tariff on Canadian goods. At the same time, Canada’s…
The post USD/CAD Outlook: Loonie Sinks to 2003 Lows on Trum Tariff appeared first on Forex Crunch.
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