(AOF) – The Canadian currency gained 0.71% to $0.6969. Canadian Prime Minister Justin Trudeau could resign very soon, say the Toronto Star and Globe & Mail newspapers. A resignation which could even take place today, according to the first title. “It is not clear whether Mr. Trudeau intends to resign only as leader of the Liberals or also as Prime Minister in the coming days,” specifies the Toronto Star. The country has been going through a political crisis since the resignation of Finance Minister Chrystia Freeland on December 16.
She then criticized his tax policy plans.
According to MUFG, Bloomberg reported that the timetable for choosing a new leader is expected to be very tight given that the main opposition parties intend to vote against the government in the next session of the House. He potentially only has until March before facing a vote of no confidence. “This will also reinforce speculation about the holding of early elections before October,” adds the Japanese bank.
The Canadian dollar also benefited from information from the Washington Post according to which Donald Trump’s advisors are considering customs duties applying to all countries, but only targeting critical imports. At the end of November, he threatened to impose customs duties of 25% on all products from Mexico and Canada on his first day in office. However, his plans are not finalized.
To be continued…
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