德意志银行策略师Michael Puempel在周二给客户的报告中写道，“简而言之，除非加拿大的政局更加稳定，否则特朗普很可能会维持对这个美国最大贸易伙伴之一的极限施压，基线预期是加拿大2025年第一季度提前举行大选，并最终收紧财政政策”。The Canadian dollar has fallen to its lowest level since March 2020, following a political crisis after the sudden resignation of the finance minister in Trudeau's government.
The Canadian dollar continued its recent decline against the US dollar, dropping another 0.4% on Tuesday, falling below 1 US dollar to 1.43 Canadian dollars, hitting the lowest level since the outbreak of the pandemic. Due to poor economic performance and the government's inability to devise a response to Trump's tariff threats, the Canadian dollar has continued to weaken.
Barclays Forex strategist Skylar Montgomery Koning stated, "We believe the Canadian dollar will continue to be under pressure."
Deutsche Bank strategist Michael Puempel wrote in a report to clients on Tuesday, "In short, unless Canada’s political situation becomes more stable, Trump is likely to maintain extreme pressure on this largest trading partner of the USA, with the baseline expectation that Canada will hold early elections in the first quarter of 2025 and will ultimately tighten fiscal policy."
The Canadian dollar has fallen more than 7% against the US dollar so far this year, possibly marking its worst performance since 2018.
