Trade will top the agenda when Canadian Prime Minister Justin Trudeau meets President Donald Trump for the first time today. Last year, the US had $11.2B trade deficit with Canada - representing just 1.5% of the country's total trade gap. While other major partners like china and Mexico are responsible for the larger share of the trade deficit (47% and 8.6% respectively), there is a great deal at stake for the US and its northern neighbor. Three quarters of Canadian exports head south across the border and 18% of American made goods cross in the other direction.
If the situation changes for the worst for the Canadian goods and exports to US decreases, then this could have a negative impact on the value of the CAD and the USD may gain strength against the CAD.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.