1018 ET - Foreign-exchange traders have yet to come to terms that the heightened uncertainty over the Trump administration's tariffs "is still really, really bad for Canada," says Brent Donnelly, head of forex-research firm Spectra Markets. He says upcoming Canadian economic indicators are going to take on paramount importance, as they will provide evidence about how tariff uncertainty is weighing on activity. Some analysts say the lackluster Canada jobs report is a sign of a pullback in hiring. Donnelly says a downturn in Canadian data "will lead to massive CAD selling," adding "the market loves the theme but hasn't been able to hold on because of the unexpected reaction in USDCAD." CAD largely held steady this week relative to USD. (Paul.Vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
March 07, 2025 10:18 ET (15:18 GMT)
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