USD/CAD Weekly Outlook: Trade Tensions, Diverging Economies, and Protectionism Pressure the Canadian Dollar
USD/CAD surged last week amid rising U.S. economic strength and hawkish Fed signals, while the Canadian dollar weakened due to disappointing employment, falling exports, and mounting protectionist threats. Trade tensions and oil market volatility continue to pressure CAD, setting the stage for further divergence in the coming week. Traders should watch for BoC policy shifts and U.S. inflation data as key drivers ahead.