The Canadian dollar is set to edge lower over the coming months as the threat of U.S. trade tariffs remains in place despite an early reprieve, but the currency is expected to recover and trade at a higher level in one year,

President Trump and Canadian Prime Minister Justin Trudeau agreed to a pause in implementing tariffs for at least a month, just hours after Trump agreed to delay tariffs on Mexico. The announced

U.S. President Donald Trump’s threat of tariffs and remarks about making Canada the “51st state” appear to have unified Canadians against his administration. A new Ipsos poll found 68 per cent of Canadians think less of America in the wake of Trump’s threats.