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

by Forex Crunch
February 3, 2025
in Forex Analysis
Reading Time: 1 min read

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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