Canadian Dollar tumbled broadly after US President Donald Trump announced a significant tariff escalation on Canadian steel and aluminum imports. In a Truth Social post, Trump said he instructed the Commerce Secretary to impose an additional 25% tariff on these products, raising the total tariff to 50%. The new measure, set to take effect Wednesday […]
The post Loonie falls as Trump raises tariffs on Canadian metals to 50%, threatens auto industry next appeared first on Action Forex.
Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that Read more…
The ECB’s latest Survey of Professional Forecasters points to a worsening macro mix for the Eurozone, with higher inflation and weaker growth in the near term. Headline HICP inflation is now expected to rise from Read more…
There is an old line I picked up early in covering Detroit: never bet against the American consumer’s love of trucks. For the past three years, automakers tried anyway. They poured tens of billions of Read more…