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President Trump said the U.S. was ending all trade discussions with Canada, citing Canada's digital services tax on American tech firms. He said the administration would inform Canada within seven days of the tariff it would face.
The U.S. dollar rose 0.7% against the Canadian dollar after the announcement.
Ending trade talks raises the risk of new tariffs on Canadian goods, which could disrupt agricultural trade flows between the two countries and boost U.S. dollar strength against the loonie. Later talks resumed, so the risk has partly eased.
foxbusiness.comEric RevellJun 27, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
