Canadian dollar erases the Trump tariff drop ...Middle East

The market was clearly skeptical from the get-go, and even more so when a US official was cited as saying that USMCA goods would be exempted from the tariffs. The trade agreement covers virtually all goods that flow across the border so it's essentially a tariff on nothing.

Zooming out, the Canadian economy has performed better than almost anyone thought it would this year given headwinds from Trump and housing. It's been remarkably resilient and the early indications around Carney's plans have been well-received as well.

This article was written by Adam Button at www.forexlive.com.

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