- Canadian Prime Minister Trudeau spoke to Trump today and discussed progress on USMCA.
- Trudeau won a second term as Canada’s prime minister.
In recent trade, Canadian Prime Minister Trudeau spoke to Trump today and discussed progress being made toward ratifying the continental trade pact and this was followed by the
US Ways and Means Committee Chairman, Neal, announcing that there will be an opportunity to meet with Canadia Trudeau in Canada soon to discuss the USMCA.
In earlier news, the focus was with the Canadian elections where. Trudeau won a second term as Canada’s prime minister after the country’s federal election, but his narrow victory meant he will lead a minority government that will be forced to depend on other parties to govern.
Its all good news for the Loonie this week and coupled with promising economic data, on the whole, the CAD can continue to perform on the bid. Glancing over to oil, which is correlated to the CAD, price are elevated there also, supporting the near term bullish case for the CAD.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.