From Global News.

U.S. markets are on a high following Donald Trump’s re-election, with the major indexes posting gains.

But what does this optimism mean for Canadians?

The Canadian dollar shot higher compared to its American counterpart on Monday in response to the news that Trump would not immediately impose tariffs on Canada.

Despite the gain of about one per cent in early trading on inauguration day, the loonie remains just below 70 cents US. The Canadian dollar has been largely depressed since Trump’s re-election in November, and remains down roughly six per cent from the start of last year.

Money expert Rubina Ahmed-Haq breaks it all down, from the risks of Trump’s tariff threats to how lower-than-expected inflation could shape the Bank of Canada’s next rate decision.

For more info, please go to https://globalnews.ca/news/10968148/donald-trump-presidency-canada-finance-impact/

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