Canadian dollar expected to gain; analysts predict ongoing weakness for USD until 2025
Canadian Dollar Expected to Strengthen Against US Dollar The Canadian dollar is projected to appreciate against the US dollar until 2025. Birkellet, the currency director at ATB Capital Markets, suggests that the current situation isn’t about the strength of the Canadian dollar but rather the declining value of the US dollar. He anticipates both currencies […]
My journey to reconnect with the value of citizenship on a distant Canadian island
Benedict Anderson, an Irish political scientist, described nations as an “imaginary political community.” He noted that even people within a small country often don’t know most of their fellow citizens. I read this when I was younger and thought it made sense. Nations really are just defined physical spaces on the Earth, with set boundaries. […]
Americas FX news summary: Canadian jobs rise, EU tariff letter still pending
Market Overview Gold has risen by $33, now sitting at $3,355. The yield on US 10-year treasuries is expected to increase by 7.1 basis points, reaching 4.42%. Meanwhile, WTI crude oil has jumped from $2.14, trading at $68.71. However, the S&P 500 is down 0.3%, with the USD leading while the JPY has struggled. As […]
Trump warns of a 35% tax on Canadian goods due to the fentanyl crisis
Trade Tensions Between U.S. and Canada The discussion on “The Big Money Show” recently highlighted Canada’s ongoing trade situation as the White House prepares to resume negotiations with the country. Back in August, President Trump proposed introducing a hefty 35% tariff on goods from Canada. His rationale? He accused Canada of not doing enough to […]
Trump reveals 35% tariffs on Canadian imports and hints at even higher overall rates.
On Thursday, President Trump announced that a 35% tariff will be imposed on imports from Canada starting next month, indicating that overall taxes could surpass 10%. At 79, Trump has communicated with Canadian Prime Minister Mark Carney regarding these new tariffs. It seems that these discussions took place amid deadlines approaching for a trade agreement […]
Canadian tourist Dorian Christian MacDonald fatally drowns in the Dominican Republic
A Canadian tourist was discovered deceased last week in the waters of a Dominican Republic resort. A family member described the incident as a tragic accident. Dorian Christian MacDonald was last seen strolling along the beach in Puerto Plata around 2 AM during a solo vacation to the Caribbean’s north coast on June 20th. As […]
Oscar Piastri and Lando Norris are still allowed to compete with each other after their incident in the Canadian Grand Prix.
Austrian Grand Prix and McLaren Tensions As the Austrian Grand Prix approaches, the previous race has sparked quite a bit of conversation in the Formula 1 paddock. This is primarily due to the late incident involving Lando Norris and Oscar Piastri during the Canadian Grand Prix. That was a particularly intense moment when many expected […]
The Weakened US Dollar Compared to the Euro, Yen, Canadian Dollar, Dollar Indices, and Softer Currencies such as the Indian Rupee
It’s no longer the cleanest, dirty shirt. Wolf Richter on Wolf Street. The US dollar has dipped against the euro, with the exchange rate now at US$1.16 for 1 euro. This marks the dollar’s lowest point against the euro since November of 2021. Back in early January, there were discussions about the euro depreciating against […]
Canadian PM Mark Carney Commends Trump’s Courage in Tackling the World’s Significant Shifts
Canadian Prime Minister Mark Carney commended President Donald Trump for his “bold steps” at the G7 conference kickoff in Alberta, Canada, on Monday. Carney reflected on previous G7 meetings that marked significant historical shifts over the last 50 years, mentioning events such as the fall of the Berlin Wall, September 11, and other terrorist incidents […]
Canadian PM Mark Carney stops questions for Trump before G7 summit
Canadian Prime Minister Mark Carney interrupted President Donald Trump to manage reporters’ questions just before the G7 summit began. Trump responded to various inquiries concerning Russia’s expulsion from the G8, which occurred during the tenures of former President Barack Obama and Canadian Prime Minister Justin Trudeau, as well as the ongoing tensions between Israel and […]