Globe and Mail: The ‘extreme’ gap in Canadian and U.S. interest rates

“Interest rate developments are unlikely to provide a sufficient offset to the economic hit that could be delivered by a tariff announcement this Saturday, and it remains reasonable to think that the loonie’s trading range could widen substantially in the coming weeks,” said Karl Schamotta, chief market strategist at Corpay Inc., a foreign exchange and payments company, in a research note. “The exchange rate will remain under pressure for now.” Globe and Mail: The ‘extreme’ gap in Canadian and U.S. interest rates