{"id":116022,"date":"2025-06-28T00:58:00","date_gmt":"2025-06-27T20:58:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=116022"},"modified":"2025-06-28T05:01:57","modified_gmt":"2025-06-28T01:01:57","slug":"loonie-tumbles-trumps-trade-talk-exit-shakes-canada","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/loonie-tumbles-trumps-trade-talk-exit-shakes-canada\/06\/28\/market-updates\/","title":{"rendered":"Trump\u2019s Trade Talk Exit Shakes Canadian Dollar"},"content":{"rendered":"\n<p>The Canadian Dollar (CAD) plunged as U.S. President Donald Trump abruptly ended trade negotiations with Canada. Announced via social media, Trump\u2019s decision to \u201ctake his ball and go home\u201d rattled markets, pushing USD\/CAD to 1.3750. Compounding the Loonie\u2019s woes, Canada\u2019s GDP contracted by 0.1% in April, signaling economic slowdown. With inflation easing, markets are betting on Bank of Canada Governor Tiff Macklem to resume rate cuts, further pressuring the CAD. Can Canada weather this storm, or is the Loonie headed for deeper losses?<br><br><strong>Tariff Threats Escalate<br><\/strong><br>Trump\u2019s frustration stems from Canada\u2019s move to close a tax loophole on U.S. tech firms\u2019 cross-border sales, a policy years in the making. Misattributing dairy tariffs already set in the USMCA, Trump vowed new tariffs within seven days. This sudden escalation echoes 2018\u2019s trade spats, when U.S. tariffs on Canadian steel sparked retaliatory measures, unsettling both economies.<br><br><strong>Market Ripples<br><\/strong><br>The CAD\u2019s slide reflects a broader trend. Despite a long-term bullish tilt, USD\/CAD\u2019s recent pivot challenges the 200-day EMA near 1.3950. A Vancouver exporter, for instance, might face higher costs if new tariffs hit, squeezing profits. Canada\u2019s economy faces a dual threat: slowing growth and trade uncertainty. If Macklem cuts rates and Trump imposes tariffs, USD\/CAD could surge. Yet, diplomatic restarts could stabilize the Loonie. The next week will be pivotal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian Dollar (CAD) plunged as U.S. President Donald Trump abruptly ended trade negotiations with Canada. Announced via social media, Trump\u2019s decision to \u201ctake his ball and go home\u201d rattled markets, pushing USD\/CAD to 1.3750. Compounding the Loonie\u2019s woes, Canada\u2019s GDP contracted by 0.1% in April, signaling economic slowdown. With inflation easing, markets are betting &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70532,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-116022","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=116022"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116022\/revisions"}],"predecessor-version":[{"id":116029,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/116022\/revisions\/116029"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70532"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=116022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=116022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=116022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}