Trudeau resignation opens door to Trump 'going easy on trade tariffs' with Canada

Published On Jan 6, 2025, 3:17 PM

Justin Trudeau's resignation as the leader of Canada's Liberal Party may lead to a change in the trade relationship with the U.S., as a more conservative prime minister could align better with President-elect Donald Trump's economic policies. Trump's administration is considering less severe trade tariffs than initially proposed, which could benefit the Canadian dollar if a new government can re-establish trade negotiations favorably. Analysts believe the Canadian dollar (CAD) might strengthen in the coming weeks or months depending on these developments.