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The Bank of Canada's April 2025 Monetary Policy Report sets out two illustrative scenarios for US trade policy. Scenario 1 assumes most tariffs are negotiated away, while it keeps Chinese 100% tariffs on some Canadian agricultural products.
The report says the path of US trade policy remains unclear.
Trade policy uncertainty shapes the Canadian dollar and the macro outlook that influence export demand for grains and oilseeds. Continued Chinese tariffs on Canadian agricultural goods keep canola meal and oil flows under pressure.
bankofcanada.caApr 16, 2025Not enough comparable past events yet for a historical read.
Not 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.
