Canadian Dollar Unfazed by Recent Tariff Threat

Canadian Dollar Performance: The Canadian dollar is down against the US dollar but is outperforming all currencies except the dollar itself, reflecting a modest reaction to Trump's tariff threats.

Trump's Tariff Threats: Trump criticized Canada for not certifying Gulfstream jets and threatened a 50% tariff on Canadian aircraft, which the market viewed as an exaggerated response rather than a serious threat.

Market Reaction: The market largely dismissed Trump's threats, with Bombardier shares only dropping 6%, indicating a lack of concern over potential tariffs.

Certification Issues: Canada's certification process for aircraft is under scrutiny following the 737 MAX incident, which has led to delays that some influential figures, including Trump donors, are unhappy about.