Ontario’s Premier Ford is saying:
- Agreed to suspend its 25% surcharge on exports of electricity to Michigan, New York, and Minnesota.
- Added that he will be meeting with US commerce Sec. Lutnick on Thursday to further discuss the renewal of USMCA agreement ahead of the deadline on April 2
- Cooler heads need to prevail.
- Ottawa will respond dollar for dollar if US increases steel and aluminum tariffs.
- By no means are we just going to rollover, what we are going to do is have a constructive conversation with US
US stocks have moved higher with the NASDAQ index now up 140 points or 0.80% at 17614.
The USDCAD has moved back to the downside and is back below its 200 hour moving average and testing the 38.2% retracement of the move up from the February low, and the low for the day.
This article was written by Greg Michalowski at www.forexlive.com.
