Stock markets rose Tuesday as auto firms were boosted by US President Donald Trump’s suggestion of flexibility over steep tariffs on the sector. Some stability has returned to markets after last week’s rollercoaster ride over Trump’s stop-start tariff announcements, but uncertainty remains over speculation of new levies on high-end technology and pharmaceuticals. European indices were … Read more
The clock is ticking down to Donald Trump’s “Liberation Day” when the US president has threatened to unleash a wide range of tariffs against countries running persistent trade imbalances with the United States. The move — which comes as Trump has been making unprecedented use of presidential powers — is driven by his insistence that … Read more
Asian stocks climbed on Thursday as investors welcomed US President Donald Trump’s auto tariff delay and were expecting China to announce a large stimulus package. The White House announced Wednesday an exemption on any autos coming through the United States, Canada and Mexico free trade pact, after Trump held talks with the “Big Three” US … Read more
Sanjay Bhandari, an Indian businessman wanted in India on alleged tax evasion and money laundering charges, on Friday won his appeal against extradition from Britain to India in London’s High Court. Bhandari is an accused middleman in the defence sector who is contesting his extradition to India on alleged tax evasion and money laundering charges. … Read more
– Canada-US trade war averted-for now – China hits back at Trump tariffs – US dollar gives back most of yesterday’s gain USDCAD: open1.4408 overnight range 1.4387-1.4503 close 1.4427, WTI $71.88, Gold, $2813.79 The Canadian dollar is back to where it was on Friday after the Canada-US trade war was delayed until March. It is … Read more
Yesterday’s Canadian dollar rally ended abruptly when US Treasury yields started rising which sparked a sharp jump in the Canada/US 10-year yield spread. It widened -131 today from -120 and that fueled Canadian dollar selling. The Canadian dollar continues to suffer after Trump claimed that a 25% tariff increased on Canadian imports would go into … Read more
– Lack of tariffs improves risk sentiment. – Global equities grind higher. – USD slides on profit-taking. USDCAD: open 1.4320, overnight range 1.4301-1.4354, close 1.4325, WTI $76.36, Gold, $2760.21 The Canadian dollar has stepped back from the brink and is continuing to flirt with its long term downtrend line. The Loonies gains are solely due … Read more