Canada is very unfortunately caught in the trade war between the USA and China. It's pretty easy right now for certain goods to bypass the US tariffs by being transshipped through Canada and enter the USA without tariff because of minimal processing. Chinese steel is a notable example of this.
And a lot of Canada's trade MOUs with other countries basically requires they have this special privilege. So there's gonna be fallout everywhere.
I wouldn't personally want to own Canadian dollars right now but I think they'll get this figured out.
And a lot of Canada's trade MOUs with other countries basically requires they have this special privilege. So there's gonna be fallout everywhere.
I wouldn't personally want to own Canadian dollars right now but I think they'll get this figured out.