Trump considers agricultural tariff exemptions for Mexico and Canada, marking a shift that impacts business confidence and economics.
The CBA forecasts three RBA rate cuts in 2025—May, August, and November—amid easing inflation pressures.
China urges cooperation on fentanyl but warns of retaliation if the U.S. chooses a confrontational approach.
Canada may use oil and gas exports in response to US tariffs, first imposed by former President Trump.
Discussions on tariffs with the USA are ongoing, with updates expected after the stock market closes.
USD/CAD drops 51 pips to 1.4337, reaching weekly lows amid US tariff anticipation and market optimism.
Crude oil prices dropped 2.88% to $66.31 amid economic concerns and OPEC+ production plans, testing key support.
Trump may allow more tariff exemptions; Canada challenges WTO; Democrats might push a House vote on tariffs.
White House grants one-month auto exemption under USMCA; concerns raised over fentanyl trafficking from Canada, prompting action.
Trudeau called Trump about tariffs and fentanyl; Trump remained skeptical. Possible tariff reductions may happen soon.
