The Canadian Dollar took a hit when President-elect Trump singled Canada and Mexico for punitive tariffs, but it's too soon to bet on a worst-case scenario.
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Goldman Sachs has looked at the potential impact of Donald Trump's tariffs on the Canadian Dollar and has quantified the potential scale of the loss that lies ahead.
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U.S. President-elect Trump threatened 25% tariffs on Canada and Mexico on day one of his new administration in January and threatened a further 10% tariff on all products from China.
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GBP/CAD has come under significant selling pressure over the course of November but could see some near-term relief.
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The Canadian Dollar can continue to outperform its main rivals say analysts.
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The Canadian Dollar can give back some recently lost ground to the Pound in the coming days.
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GBP/CAD faces a significant test this week as a key technical indicator will be tested. Failure will open the door to a more pronounced pullback.
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