Trump's Tariffs Hit Canadian Dollar, Global Markets

President Donald Trump announced a 35% tariff on Canadian imports, leading to a decline in the Canadian dollar and drops across major US and global stock indexes. The move follows previous tariff threats and has sparked concerns of further tariffs targeting the European Union and other trading partners. Despite heightened trade tensions, Canada's economy posted strong job growth, supporting expectations that the Bank of Canada will keep interest rates unchanged. Canadian sentiment toward US financial assets has worsened, with nearly half of Canadians supporting reduced US holdings in pension funds. Uncertainty remains about whether Trump's tariff threats will be fully enacted or used as negotiation tactics. Additionally, data show most fentanyl seizures occur at the US-Mexico border, not the US-Canada border.