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10.04.202519:51:01UTC+00Canadian Dollar Strengthens to Highest Since November

In April, the Canadian dollar advanced beyond $1.4, reaching its peak since November. This appreciation is attributed to a weaker U.S. dollar alongside a more favorable trade policy landscape. Notably, a 90-day suspension on additional U.S. tariffs reset most countries' basic tariff rate to 10%, with China facing a significantly higher 145% rate. This change has reduced pressure on Canadian exports and prompted investors to redirect capital back into Canada. Concurrently, the potential for a U.S. recession, fueled by stringent trade policies and uncertainties around future strategies, has diminished the dollar's reputation as a safe-haven currency.

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