Canadian Dollar Might Fall Further on Trump's Tariff Plans -- Market Talk

Dow Jones

Nov 26, 2024

1300 GMT - The Canadian dollar has scope to weaken further after hitting a four-and-a-half year low against the U.S. dollar on Donald Trump's plans to hit Canada with tariffs, Monex Europe analysts say in a note. Markets have "only just begun to price in the potential negative impact on the Canadian economy from trade risks," they say. USD/CAD could rise to 1.50 over the next year if tariffs are implemented, they say. In the more immediate term, the exchange rate's fortunes will likely depend on central bank commentary. Bank of Canada Deputy Governor Rhys Mendes speaks at 1320 GMT while the Federal Reserve's meeting minutes are released at 1900 GMT. USD/CAD rises 0.7% to 1.4087 after hitting a high of 1.4181 earlier.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

November 26, 2024 08:00 ET (13:00 GMT)

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Markets have \"only just begun to price in the potential negative impact on the Canadian economy from trade risks,\" they say. USD/CAD could rise to 1.50 over the next year if tariffs are implemented, they say. In the more immediate term, the exchange rate's fortunes will likely depend on central bank commentary. Bank of Canada Deputy Governor Rhys Mendes speaks at 1320 GMT while the Federal Reserve's meeting minutes are released at 1900 GMT. USD/CAD rises 0.7% to 1.4087 after hitting a high of 1.4181 earlier.(renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 08:00 ET (13:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Dollar Might Fall Further on Trump's Tariff Plans -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanadian Dollar Might Fall Further on Trump's Tariff Plans -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-26 21:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1300 GMT - The Canadian dollar has scope to weaken further after hitting a four-and-a-half year low against the U.S. dollar on Donald Trump's plans to hit Canada with tariffs, Monex Europe analysts say in a note. Markets have \"only just begun to price in the potential negative impact on the Canadian economy from trade risks,\" they say. USD/CAD could rise to 1.50 over the next year if tariffs are implemented, they say. In the more immediate term, the exchange rate's fortunes will likely depend on central bank commentary. Bank of Canada Deputy Governor Rhys Mendes speaks at 1320 GMT while the Federal Reserve's meeting minutes are released at 1900 GMT. USD/CAD rises 0.7% to 1.4087 after hitting a high of 1.4181 earlier.(renae.dyer@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 26, 2024 08:00 ET (13:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6505","symbol_name":"周期性消费品与消费者服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486077595","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486077595","pubTimestamp":1732626000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1300 GMT - The Canadian dollar has scope to weaken further after hitting a four-and-a-half year low against the U.S. dollar on Donald Trump's plans to hit Canada with tariffs, Monex Europe analysts say in a note. Markets have \"only just begun to price in the potential negative impact on the Canadian economy from trade risks,\" they say. USD/CAD could rise to 1.50 over the next year if tariffs are implemented, they say. In the more immediate term, the exchange rate's fortunes will likely depend on central bank commentary. Bank of Canada Deputy Governor Rhys Mendes speaks at 1320 GMT while the Federal Reserve's meeting minutes are released at 1900 GMT. 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Bank of Canada Deputy Governor Rhys Mendes speaks at 1320 GMT while the Federal Reserve's meeting minutes are released at 1900 GMT. USD/CAD rises 0.7% to 1.4087 after hitting a high of 1.4181 earlier.(renae.dyer@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 26, 2024 08:00 ET (13:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}