Trump says 50% tariffs on Canadian autos coming on January 1, 2027
USD/CAD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
ING | Bullish | 1.33 |
Rabobank | Bullish | 1.36 |
Bank of America | Bullish | 1.35 |
From the original
USD/CAD is a few pips higher on this but we knew that some retaliation was coming and this isn't exactly a nuclear bomb. It leaves plenty of time to TACO. Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm p
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Trade tariffs – will he, won’t he? USD swings ahead
The desk anticipates significant volatility in the USD as the implementation of a 25% trade tariff on Canada and Mexico looms, a move that could exacerbate market tensions and impact cross-border trade dynamics. Per the full note from MUFG EMEA, the potential for President Trump to proceed with these tariffs could lead to a stronger USD in the short term, particularly against the CAD and MXN. The desk notes that the Federal Reserve's recent policy stance, coupled with the ECB's upcoming decisions, adds further complexity to the FX landscape. With no major events on the calendar in the next month, traders should remain vigilant as market sentiment shifts in response to these developments.