The USD/CAD pair climbs to near 1.4550 in Friday’s North American session.
USD/CAD gains sharply to near 1.4550 as the USD refreshes weekly high on Trump’s tariff threats. The Canadian Dollar weakens as US Donald Trump is poised to impose 25% tariffs on Canada on February 1. The Fed has stated that it has frozen monetary policy adjustments until it sees some progress in inflation or weakness in the labor market.
Canadian Dollar FAQs What key factors drive the Canadian Dollar? The key factors driving the Canadian Dollar are the level of interest rates set by the Bank of Canada , the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports.
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