Current news is English only but we will be adding multilingual news - check back soon.
Canada's Carney rules out matching US tariffs dollar-for-dollar
CAD

The April 28 Canadian election is closing in and Liberal Mark Carney has built a considerable lead in the polls. He's out with some comments on tariffs:
- Rules out matching US tariffs dollar-for-dollar
- Cites Canada's small economy and the need for strategic pressure over symbolic motes
- New approach targets US industries selectively while minimizing harm to domestic sectors, with exceptions especially for automakers operating in Canada
I'm sensing more of a global shift to this kind of rhetoric. Whether that's fear of American retribution of pragmatism is tough to discern as there are arguments for both.
Source: Forex Live