川普上週公布新的關稅，並說貿易戰很好，美國可輕易獲勝。美元因而於上週四與週五連續二天下跌。週一，川普再發推文指出，除非簽署新的 NAFTA 協定，否則加拿大與墨西哥亦將面臨新的關稅。
義大利大選沒有明顯贏家，反傳統黨派支持度增加，歐元早場下跌。但隨後因美元回檔，歐元反彈。
• Oil prices have held bouyant, but Canada's benefit has been curbed due to the glut of the commmodity and a record US output • Now, protectionism is the Canadian Dollar's greatest risk with NAFTA renegotiations and US tariffs which will exact broader pressure
While there are a number of inherent and local issues, the global problems are far more troublesome. It began in earnest with commodities. Though the price of many natural resources the country ships have risen, the appetite for Canada's exports have not necessarily kept pace. A good example is oil. Where the country is a profound exporter of the commodity and the largest foreign source for the United States, that particular trade partner has ramped up its own domestic production which has influenced the dynamic. A greater issue is the rise of protectionism - trade oriented countries rarely win in such situation. The re-negotiation of NAFTA has been ongoing for some time, and those conducting the discussions have reported slow or little progress. This has grown far more burdensome with the recent tariffs announced by US President Donald Trump. A 25 percent tariff on all steel imports and 10 percent for all aluminum into the US is perhaps targeted at particularly flagrant rule breakers, but they most prominently hurt Canada who is the United States' largest supplier of both.
• Oil prices have held bouyant, but Canada's benefit has been curbed due to the glut of the commmodity and a record US output • Now, protectionism is the Canadian Dollar's greatest risk with NAFTA renegotiations and US tariffs which will exact broader pressure
While there are a number of inherent and local issues, the global problems are far more troublesome. It began in earnest with commodities. Though the price of many natural resources the country ships have risen, the appetite for Canada's exports have not necessarily kept pace. A good example is oil. Where the country is a profound exporter of the commodity and the largest foreign source for the United States, that particular trade partner has ramped up its own domestic production which has influenced the dynamic. A greater issue is the rise of protectionism - trade oriented countries rarely win in such situation. The re-negotiation of NAFTA has been ongoing for some time, and those conducting the discussions have reported slow or little progress. This has grown far more burdensome with the recent tariffs announced by US President Donald Trump. A 25 percent tariff on all steel imports and 10 percent for all aluminum into the US is perhaps targeted at particularly flagrant rule breakers, but they most prominently hurt Canada who is the United States' largest supplier of both.
