Analyst: Trump's threat to Canada may widen the decline in the Canadian dollar

On January 8th, Jinshi Data reported that Monex Europe analysts stated in a report that the Canadian dollar may expand its current decline after Trump threatened to impose huge tariffs on Canada. They said, ‘Trump has once again targeted Canada for tariffs. If this threat is realized, the US dollar against the Canadian dollar will rise sharply. Canadian dollar traders may continue to carefully study Trump’s statements, as there is a huge risk looming, which may weigh on the Canadian dollar.’