The latest news from liquidity and risk management
Stay updated with real-time coverage of global trade developments, policy changes, and market movements affecting international commerce.
Canadian dollar heads for worst day in over two months after US trade talks collapse
- The Canadian dollar fell as much as 0.6% to C$1.3844 against the US dollar, marking its worst performance since June 17 amid the collapse of trade talks between Canada and the US.
- The loonie led losses among Group-of-10 currencies, with selling pressure expected to continue due to Washington’s imposition of 50% tariffs on billions of dollars of Canadian goods.
- Prime Minister Mark Carney’s pledge to match US tariffs “dollar for dollar” adds to investor concerns and risks further weakening the currency.
- MUFG forecasts the Canadian dollar could slide to C$1.41 per US dollar by the third quarter if the trade dispute persists.
- Hedge funds have reduced bearish bets on the loonie in recent weeks, but positioning suggests room for renewed selling.
- Expectations for Canadian interest rate hikes may ease amid the trade tensions, keeping the currency under pressure, though limits on USD/CAD moves above 1.4000 are anticipated due to US rate hike outlooks.
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RBC and BMO sell Moneris to Francisco Partners for $2 billion, ending 25-year joint venture
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Polygon Labs joins NOBO Finance and Dun & Bradstreet in phase 2 of the Bank of England’s Digital Pound Lab
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