1459 GMT - The Canadian dollar's performance is more likely to be driven by the threat of U.S. trade tariffs than by the Bank of Canada's policy decision Wednesday, Monex Europe analysts say in a note. The BOC meeting should take on secondary importance for markets as a 25 basis points interest rate cut is considered a "done deal," they say. The prospect of the Trump administration imposing a 25% tariff on all Canadian imports as soon as Saturday remains the key risk for the Canadian dollar. There is plenty of room for this risk to be priced into the currency, the analysts say. USD/CAD trades flat at 1.4371.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
January 28, 2025 09:59 ET (14:59 GMT)
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