Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

Trump halts US-Canada trade talks over Ontario ad – Commerzbank

Source Fxstreet

US-Canada trade tensions flare as Trump suspends talks and raises tariffs, leaving the Canadian dollar under pressure, Commerzbank's FX analyst Michael Pfister notes.

CAD under pressure amid fresh US tariff hike

"After the Canadian region Ontario published an advertisement featuring former US President Ronald Reagan emphasising the disadvantages of tariffs, Donald Trump responded negatively. On Thursday night, he suspended the ongoing trade talks with Canada."

"Ontario then announced that it would stop broadcasting the advertisement, but only from the beginning of this week. Trump suspected 'dirty tricks' and increased tariffs on Canadian imports by 10 percentage points. As is often the case, it is unclear which products this affects."

"Canada currently benefits from both the USMCA and other exemptions, and has so far paid 35% tariffs on the smaller portion without exemptions. Nevertheless, this is not good news for the CAD. The CAD is only likely to appreciate again when progress is made in this conflict."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Moving With Stocks, But Ethereum’s Correlation Is Fading Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of

Author NewsBTC

Jul 10, Thu

Bitcoin has been showing notable correlation to the stock equities recently, but data shows Ethereum is charting a more independent path. Bitcoin & Ethereum Showing Different Degrees Of

Apple Q4 revenue tops estimates; $1.1B tariff impact forecast Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.

Author Mitrade

Aug 01, Fri

Apple projected its revenue for the current quarter ending in September well above Wall Street forecasts on Thursday.

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

Aug 19, Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026 Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Author Mitrade

Sept 10, Wed

Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Samsung Electronics Forecasts Stronger-Than-Expected Q3 Profit on AI Demand Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.

Author Mitrade

Oct 14, Tue

Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.

Related Instrument