加元兑美元汇率跌破1.37，创下两周新低，此前特朗普总统确认自8月1日起对铜征收50%的关税，并威胁对半导体、药品征收类似关税，这给加拿大最大贸易伙伴的外汇流入带来了压力，并阻碍了能源、采矿、汽车、铝和木材等关键出口行业的收入和投资。与此同时，美联储6月份的会议记录显示，大多数政策制定者仍支持今年晚些时候降息，但对关税的通胀影响仍存在分歧，这增强了美元的弹性。在国内，尽管私营部门活动连续第七个月收缩，但6月份的商品贸易逆差仍在扩大，这突显了加拿大经济增长的放缓，并表明加拿大央行可能会在放松政策之前暂停。在其他地方，尽管欧佩克+的生产纪律，油价仍从夏季峰值回落，这消除了对加元的一个关键支撑来源。
The Canadian dollar slid past 1.37 per USD, marking a two-week low, after President Trump confirmed 50% copper tariffs effective August 1st and threatened similar duties on semiconductors, pharmaceuticals—pressuring foreign-exchange inflows from Canada’s largest trading partner and hampering revenue and investment in key export industries such as energy, mining, automotive, aluminum, and lumber. Meanwhile, the US Fed minutes from June revealed that most policymakers still favor rate cuts later this year but remain divided over the inflationary impact of tariffs, reinforcing the dollar’s resilience. At home, June’s merchandise trade deficit widened even as private-sector activity contracted for a seventh consecutive month, highlighting Canada’s faltering growth and suggesting the Bank of Canada may pause before loosening policy. Elsewhere, oil prices retreated from their summer peak despite OPEC+ production discipline, removing a key source of support for the CAD.
