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How will the Canadian dollar perform against the US dollar by February 2025 due to US tariffs?
2
Resolution / Starting Odds
Canadian dollar strengthens by more than 2% • 25%
Canadian dollar remains stable (within +/- 2%) • 25%
Canadian dollar weakens by more than 2% • 25%
Canadian dollar weakens by more than 5% • 25%
Exchange rate data from financial services such as Bloomberg or Reuters
Story
Trump to Impose 25% Tariffs on Mexico, Canada, and 10% on China on First Day
Nov 26, 2024, 11:37 AM
President-elect Donald Trump has announced plans to impose sweeping tariffs on imports from Mexico, Canada, and China on his first day in office. The proposed tariffs include a 25% rate on goods from Mexico and Canada, and a 10% rate on goods from China. These measures are part of Trump's strategy to address illegal immigration and the fentanyl crisis, accusing Mexico and Canada of facilitating these issues. The announcement has led to a 1.4% drop in the value of the Mexican peso against the dollar, while the Canadian dollar lost 1%. Trump's tariffs are also intended to push these countries to buy American products, driving U.S. manufacturing growth and securing American jobs under the Trump Reciprocal Trade Act.
View original story
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Dollar strengthens significantly • 25%
Dollar weakens significantly • 25%
Dollar remains stable • 25%
Dollar fluctuates unpredictably • 25%
Yes • 50%
No • 50%
Increase in U.S. trade deficit • 25%
Decrease in U.S. trade deficit • 25%
No significant change • 25%
Other outcome • 25%
Trade volume decreases • 25%
Trade volume remains stable • 25%
Trade volume increases • 25%
Other impacts • 25%
Appreciates by more than 5% • 25%
Appreciates by up to 5% • 25%
Depreciates by up to 5% • 25%
Depreciates by more than 5% • 25%
Tariffs imposed • 25%
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Severe recession • 25%
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Other • 25%
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Trade relations collapse • 25%
Tariffs implemented • 25%
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Mutual agreement reached • 25%
Ongoing dispute • 25%
Yes • 50%
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Significant decline • 25%
Moderate decline • 25%
Stable • 25%
Improved • 25%