The Pound to Canadian Dollar exchange rate (GBP/CAD) is recovering and will be looking to retake some key technical levels in the coming days.
The Canadian Dollar took a hit when President-elect Trump singled Canada and Mexico for punitive tariffs, but it's too soon to bet on a worst-case scenario.
Goldman Sachs has looked at the potential impact of Donald Trump's tariffs on the Canadian Dollar and has quantified the potential scale of the loss that lies ahead.
U.S. President-elect Trump threatened 25% tariffs on Canada and Mexico on day one of his new administration in January and threatened a further 10% tariff on all products from China.