Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”
Additional quotes
Canada and the USA subject to finalization of documents, have a deal.
Keystone XL pipeline may be “awoken from grave”.
The temporary pause in tariffs comes just hours before the US imposes 50% levies on hockey sticks, wine and an array of other Canadian imports.
Market reaction
The Canadian Dollar (CAD) is recovering ground against the US Dollar (USD) following this announcement, with the USD/CAD pair down 0.15% on the day at 1.3875 at the…
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