Tariffs and soft CPI pressure Loonie – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the Canadian Dollar (CAD) is underperforming other high-beta currencies after the Trump administration announced a 50% tariff on nearly $20 billion of Canadian imports, excluding energy and some key goods. At the same time, Canada’s June inflation cooled more than expected, with core measures below the Bank of Canada’s (BoC) 2% target,…











