• USD/CAD is recovered to almost 1,4305 in Wednesday’s overdue American session.
• Trump announced 25% tariffs for importing a car to the USA.
• BOC Minutes showed that the central bank would probably leave the rates unchanged were it not for the tariff risk.

The USD/CAD pair is reflected to around 1,4305 during the overdue American session on Wednesday. Fears of the expected American car tariffs and alleviated geopolitical tensions enhance the green place in relation to the Canadian dollar (CAD). Traders will have an eye on the initial claims on the occasion of unemployment in the USA, the last report on the gross domestic product Q4 (GDP), which is to be released later on Thursday.

At the end of Wednesday, US President Donald Trump signed an order to implement a 25% tariff for car imports, expanding the global trade war. Trump said that the tariffs would come into force on April 2 and that the US will start gathering them a day later. This development burden Loon and acts as a wind for a couple, because Canada sends about 75% of exports to the United States, including oil and cars.

The latest minutes of meetings Bank of Canada (BOC) indicated that concerns about uncertainty for commercial policy “significantly weakening” low -term economic growth prompted BOC to reduce its key interest rate this month, although some decision -makers claimed that the break was appropriate.

At the end of November, Trump stated to hit Canada and Mexico with 25% tariffs for imports, but he refrained in February and March from implementation. Politics are to apply now on April 2, despite the fact that the Toronto star informed on Wednesday that Canada may be on the lower part of the tariffs. The unpredictability of Trump’s administration will probably undermine CAD in the near future.