External broker reports(aggregated public sources), Scotiabank

Scotiabank

Scotiabank’s global foreign exchange strategy team provides in-depth regional insights and macro-economic analysis for G10 and advanced economies, Asia Pacific, and Latin America. Find technical and fundamental strategy reports focused on trade ideas, market risks, and the unfolding macro outlook. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

FX & Rates

<ul><li>I participated in a client call earlier today with my colleagues in Toronto, New York and Mexico where we all had a chance to give our assessment of the potential impact of Monday’s surprising news that President-elect Trump would impose 25% tariffs on Canada and Mexico on day one of his term unless border security was tightened up significantly.</li><li>We all broadly agreed that is a threat— leverage—to achieve non-trade-related goals rather than a real risk at this point.</li><li>The following is an attempt to summarize the FX-related content of the call.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

I participated in a client call earlier today with my colleagues in Toronto, New York and Mexico where we all had a chance to give our assessment of the potential impact of Monday’s surprising news that President-elect Trump would impose 25% tariffs on Canada and Mexico on day one of his term unless border security was tightened up significantly.We all broadly agreed that is a threat— leverage—to achieve non-trade-related goals rather than a real risk at this point.The following is an attempt to summarize the FX-related content of the call.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

FX Snapshot - USDCAD and Trump’s Tariffs