1211 GMT - The Canadian dollar is a notable laggard in the currency market with only marginal gains against a weaker U.S. dollar, Monex Europe analysts say in a note. That makes sense after President Trump imposed a 25% tariff on Canadian imports Tuesday, they say. "Tariffs should mean that the [Canadian dollar] trades at a discount, and that is increasingly being priced." Canada will come off much worse compared with the U.S. economy following these tariffs and Canada's retaliatory measures, they say. The U.S. dollar's weakness could keep the Canadian dollar near current levels in the near term, they say. However, USD/CAD could rise to 1.50 in the longer run if Canada-U.S. trade tensions persist, they say. USD/CAD falls 0.1% to 1.4386.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 07:11 ET (12:11 GMT)
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