Tariff shock ahead? This is the trade to make before the weekend headlines hit.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 31 2025
0mins
Source: MarketWatch
Tariff Day Announcement: President Donald Trump announced that February 1st would mark the implementation of new tariffs, including 25% on Mexico and Canada, and 10% on China.
Trade Review Timeline: A broad trade review initiated by Trump upon taking office is expected to conclude by April 1.
Analyst Views on USDCAD
Wall Street analysts forecast USDCAD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USDCAD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.378
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Current: 1.378
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
