0938 GMT - The Canadian dollar trades slightly softer after the Canadian Liberal Party's narrow election victory but the longer-term implications depend on the outcome of trade talks with the U.S., ING's Francesco Pesole says in a note. Prime Minister Mark Carney has pledged to fight President Trump harshly on tariffs and his closer ties with European countries could emerge as an obstacle in trade talks, he says. "Ultimately, the crucial issue remains renegotiating the United States-Mexico-Canada Agreement early." Carney might take his time with this, although he intends to negotiate an end to the U.S.-Canada tariff war. The U.S. dollar rises 0.1% to 1.3837 Canadian dollars and ING expects it to reach 1.39 by the end of the second quarter. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 05:38 ET (09:38 GMT)
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