USD/CAD holds on to Friday’s gains – BBH

USD/CAD is holding on to Friday’s gains, BBH FX analysts report.

US trade war dos not bode well for CAD

"The severe negative impact of the US tariffs on the Canadian economy and lower crude oil prices do not bode well for CAD. Bank of Canada (BOC) Q1 business outlook survey will be reported today (3:30pm London)."

"Initial results from recent BOC surveys indicated that trade uncertainty was already prompting businesses to revise down their sales outlooks. Many businesses also reported scaling back their investment plans and hiring intentions. Markets are pricing in 70% odds of a follow-up 25bps BOC policy rate cut at the next meeting April 16 and 75bps of total easing over the next 12 months."

Apr 7, 2025

US Pres. Trump: Slow moving Fed should cut rates

"Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is no inflation, and the long time abused USA is bringing in billions of dollars a week from the abusing countries on tariffs that are already in place," US President Donald Trump poste

Financial Stability Board nominates BoE Governor Bailey as next chair

The Financial Stability Board (FSB) announced on Monday that they nominated Bank of England Governor Andrew Bailey as the next chair of the organization.