I spoke with BNNBloomberg on Thursday about the risks around the White House’s April 2nd planned announcement on global reciprocal tariffs, something I wrote about here.

I also dove deeper into the Bank of Canada decision:

  • People are overlooking the survey data they released.
  • It was highly unusual to publish a survey along with the
    decision
  • The survey is the message and it shows 40% planning to
    decrease employment and 48% capital expenditure

Broadly, I’m still upbeat on on the Canadian dollar from here because I don’t think tariffs will (or can) last.

  • Trump is
    saying tariffs and annexation but the loonie isn’t falling, that’s the message
  • If you
    listen to what Trump’s deputies are saying, they are still highlighting fentanyl,
    which I expect they will pivot away at month end
  • White House
    Economic Advisor Kevin Hassett said it was a good time to get bullish in Canada and Mexico
  • Congress
    has been relatively quiet, which I believe is short-term deference, likely only
    until month end
  • I continue
    to believe     that they’re asking to renegotiate USMCA sooner, though Canada is
    hardly in a position to agree to that because an election call is imminent

Watch it here:

This article was written by Adam Button at www.forexlive.com.I spoke with BNNBloomberg on Thursday about the risks around the White House’s April 2nd planned announcement on global reciprocal tariffs, something I wrote about here.I also dove deeper into the Bank of Canada decision:People are overlooking the survey data they released.It was highly unusual to publish a survey along with the
decisionThe survey is the message and it shows 40% planning to
decrease employment and 48% capital expenditureBroadly, I’m still upbeat on on the Canadian dollar from here because I don’t think tariffs will (or can) last.Trump is
saying tariffs and annexation but the loonie isn’t falling, that’s the messageIf you
listen to what Trump’s deputies are saying, they are still highlighting fentanyl,
which I expect they will pivot away at month endWhite House
Economic Advisor Kevin Hassett said it was a good time to get bullish in Canada and MexicoCongress
has been relatively quiet, which I believe is short-term deference, likely only
until month endI continue
to believe that they’re asking to renegotiate USMCA sooner, though Canada is
hardly in a position to agree to that because an election call is imminentWatch it here:
This article was written by Adam Button at www.forexlive.com.  Read MoreNews 

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