United States Wholesale Inventories came in at 0.4% below forecasts (0.5%) in March

May 8, 2025

USD/CAD climbs as traders await BoC risk report, Trump trade deal announcement

The Canadian Dollar (CAD) is weakening against the US Dollar (USD) on Thursday as investors brace for a pivotal day of policy and trade headlines that could redefine North American market sentiment.

BoC: Trade war with US threatens Canadian economy and poses risks to financial stability

In its annual Financial Stability Report, the Bank of Canada said the trade war with the United States threatens the Canadian economy and poses risks to financial stability, per Reuters.