The global markets were closed on Monday in the morning, after sharp morning loss and partial bounces of noon in the back of a war of North America. Canada and Mexico assured a single month delay threatened fares.
The markets opened on Monday, absorbing the president of Donald Trump, the US will set broad rates on Saturday Tuesday. The most important market in the US Stock Exchange was largely recovered by Claudia Shinbaum after Mexican President, in the middle of the morning, the US rates would be delayed for a month.
Justin Trudeau The Prime Minister confirmed Monday after closing the market after Canada got a temporary deal with Trump, Canada gave them a month. Loonie has strengthened $ 0.69 against US dollar, in response to the announcement of the announcement this morning.
The Canada returned Rentives after its own tariffs after completing the Trump Order, which made a 25 percentage rate on Canadian vessels and 10 percent of Canada oil.
One month interruption will give many reliefs to Canadian businesses and investors, Karl Schamotta said the main market strategist in Corpay.
“But the basic challenges of the US are left, the threat of fares remains and as a result, we will see more time than our shoulders here for a long time.”
In fact, some analysts and economists have drawn a scenario in which Canada is associated with long-term tariffs. As They will not be able to come to participate.
“We don’t expect 25 percent of Canada and Mexico to last for a long time,” Solita Marcelli said, in the management of the global wealth of UBS of the Official American investment in the Official Manager.
“The Trump Administration would not want us to jeopardize the US economic growth or threatening greater inflation by leaving a sustainable period and significant market volatility can cause change.”
Loonie Drop ‘could be worse’
The opening of the US market reaction fell by 1.7 percent of S & P 500, and 2.1 percent of the central NASDAQ compound technology. The average of the Dow Jones industry fell 557 points in early trade.
In the market, the Dow Jones fell 122.75 points, or 0.28 percent; NASDAQ fell by 1.20 percent; and S & P 500 percent fell by 0.76.
In the middle of the morning, he talked to Trump and when Mexico rates were delayed for a month, the country agreed to go to the United National Troops in the United National Guard.
Meanwhile, the Canadian S & P / TSX compound index closed 291.34 points, or a percentage on the afternoon. Earlier, the Canadian dollar fell to the lowest level of the US dollar in more than two decades, $ 0.6813 $ compared to $ 0.6904 on Friday afternoon. After trude’s announcement, it rise $ 0.6946 back.
A before The Canadian dollar drop could be much worse according to Shaun Osborne, the General Manager of Scotiabank and the main FX strategist.
“The reality is that Canadian dollar could probably not fall as far as the fare advertisements suggested,” Osborne CBC said News. “We really had a significant bounce in the back of Mexican titles in Canada’s dollar.”
Writing on his true social platform on Monday, Trump said that Trump spoke twice on Monday and calls went well.
“I think market rates temporarily dissolved by President Trump, or if Osborne said, Osborne, the most proposed by the Trump of Noting -Es, revenue in the US and Funding as a means of creating tax cuts
“So it’s a very fluid situation, high volatility, great uncertainty.”
2025-02-03 15:15:00
