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24.08.26 - 17:15
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"We Don′t Need Canada": Loonie Limps Lower As Trump Unleashes (More) Tariffs (ZeroHedge)
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"We Don't Need Canada": Loonie Limps Lower As Trump Unleashes (More) Tariffs
"Canada has been ripping off the United States of America for years," wrote President Trump in his latest social media outburst, laying out his tariff torrent against Canada.
"Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries.
Not sustainable, and NOT ANYMORE!"
The US implemented a new 50% tax on imports of hundreds of Canadian items including furniture, plastics, plywood and electrical equipment on Saturday.
It's such a high rate that it may cut off the world's biggest market for some Canadian enterprises.
And now this morning, Trump unveiled more products will face dramatic tariff increases come the start of next year...
"On January First, 2027, Tariffs on all Cars, Trucks, both large and small. Automotive Parts, and Steel, will be...
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24.08.26 - 08:48
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Canadian dollar dips after US-Canada talks collapse into trade war; oil prices fall ahead of US sanctions on Iran – business live (The Guardian)
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Washington imposes 50% tariffs on Canadian goods including fishing rods and hockey sticks, while Canada retaliates with levies on US steel and electronicsGood morning, and welcome to our rolling coverage of the global economy, the financial markets, the eurozone and business.The Canadian dollar fell after the country's trade talks with the US collapsed on Friday and Washington imposed 50% tariffs on $20bn of Canadian goods, prompting Canada to retaliate.There's already been a market reaction this morning to the breakdown of the talks, with the Canadian dollar weakening against every other G10 currency, including a -0.26% fall against the US dollar. Otherwise, Bloomberg also reported overnight that Canada saw little chance of the talks resuming before the midterm elections. Continue reading......
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24.08.26 - 06:42
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Canadian Dollar Falls Against Majors (AFX)
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CANBERA (dpa-AFX) - The Canadian dollar weakened against other major currencies in the Asian session on Monday. The Canadian dollar fell to 4-day lows of 1.3799 against the U.S. dollar, 115.11 aga......
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