The Canadian dollar is hardly sweating the Trump drama

October 27, 2025
-FXnews

USD/CAD has crept higher since the North American open but that only brings it to flat on the day at 1.3997. The loonie is a modest underperformer today with AUD and NZD up on positive sentiment around global growth via the US-China deal.

Trump said today that he won’t talk with Carney for a “long time” but the market isn’t buying it. It’s also not clear what tariffs on Canada will rise by 10% as the White House hasn’t made it clear.

The market sees it all as bluster and fluff with a deal coming eventually. Carney today said a deal was close before Trump blew it up

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