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Institutional analysis: If Canada's new prime minister succeeds in countering U.S. tariffs, the Canadian dollar will rise in the medium term
On March 10, Swissquote analyst Ipek Ozkardeskaya said in a report that if Canada’s new Prime Minister Mark Carney successfully counters U.S. tariffs, the Canadian dollar may rise in the medium term. However, in the short term, the currency will face selling pressure as the Bank of Canada is expected to cut interest rates by another 25 basis points on Wednesday. Carney said he would continue to impose retaliatory tariffs until “Americans show respect to us.”