After equity markets closed for the day, the tariff ON/OFF mayhem continues, as the much anticipated call between President Trump and Justin Trudeau has apparently ended with a pause of the proposed tariffs for the next 30 days. Justin Trudeau announced the border measures that would be put in place and the pause of the proposed tariffs on X.
I just had a good call with President Trump. Canada is implementing our $1.3 billion border plan — reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increased resources to stop the flow of fentanyl. Nearly…
— Justin Trudeau (@JustinTrudeau) February 3, 2025
Not surprisingly, the Canadian dollar surged on the news, more than fully recovering from the day’s selloff. At which point it will now wait for the next headline in regards to tariffs being ON or OFF.
