<ul data-eligibleForWebStory="false"><li>Trump imposed a 35% tariff on Canada effective August 1, but Canadian dollar remained resilient viewing it as a leverage attempt in ongoing tariff talks.</li><li>Canada's job report showed positive signs with 83,100 new jobs added in June, although most were part-time leading to expectations of another rate cut by the Bank of Canada.</li><li>WTI oil prices rose to 69.65 due to tighter global supply conditions despite OPEC's announcement of increased production, reflecting strong demand.</li><li>Tariff headlines by Trump on the EU and Mexico had limited impact on FX markets due to 'tariff fatigue', with equity markets mostly unaffected and S&P 500 futures down 0.32%.</li></ul>

USD / CAD - Canadian dollar in tariff jam

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