0856 GMT - The Canadian dollar rises after Mark Carney said he was considering joining the leadership race for Canada's Liberal party after Prime Minister Justin Trudeau resigned Monday. Carney, the former governor of the Bank of Canada and Bank of England, said in a statement to the Financial Times that he was considering the decision closely with his family over the coming days. "Carney would be the most market-friendly candidate, but the domestic political shake-up will be insufficient to drive USD/CAD materially lower by itself," ING's Chris Turner says in a note. The Canadian dollar could remain weak as the prospect of trade tariffs under U.S. President-elect Donald Trump will hit Canada, he says. USD/CAD falls 0.2% to 1.4310. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
January 07, 2025 03:56 ET (08:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.