Monday , 3 February 2025
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USD/CAD: Markets ponder next steps in trade war – Scotiabank

The Canadian Dollar (CAD) has weakened in response to President Trump applying 25% tariffs on Canadian exports to the US. A 10% tariff will apply to Canadian energy exports. In response, Canada has announced limited counter-tariff retaliation of 25% covering USD107bn of US exports to Canada.

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