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The Canadian Dollar (CAD) remains on the defensive against the US Dollar (USD) on Monday, weighed down by weaker domestic sentiment and falling Oil prices. At the time of writing, USD/CAD is trading around 1.4035 as the Greenback holds firm amid cautious optimism over US-China trade talks.

EV’s are cheaper to operate than a gas car, but they lose value fast, which adds costs. Here’s why, and why it might change.

The S&P 500 is up 68 points, or 1.0%, to 6732. That’s a fresh session high and is challenging the top end of the range since Trump announced tariffs on China.

The expectation is that Bessent will smooth over tariffs on his trip to Malaysia this week.

Among the top performers:

• AAPL +3.0%
• WFC +2.9%
• INTC +2.7%
• META +2.0%
• MU +3.2%
• CLF +19.2%

Oracle is a laggard down 3%

This article was written by Adam Button at investinglive.com.

• Overall business indicator -2.28 vs -2.40 prior
• Future sales 0 vs -6 prior
• 27% of firms saw an outright decline in sales over past 12 months vs 24% in Q2
• Few firms reported binding capacity constraints or labour shortages, and
  most businesses do not expect to increase current staffing levels
• 35% of firms see lower labor costs in the coming 12 months, 14% see higher labor costs
• Firms see weak spending by business customers on services (such as renovations as well as corporate travel and events) and capital goods
• See weak outlooks in the housing sector
• Plans to expand capacity are on hold
• Share of firms that reported binding labour shortages fell to its lowest level since 2020

Survey of consumers:

• 64.1% of Canadians see a recession in the year ahead of 64.4% in Q2 survey
• Expectations for short-term inflation remain above their pre-pandemic
  averages, and expectations for longer-term inflation have picked up
  again
• Most consumers think the worst effects on the economy from trade tensions are still to come

The consumer survey was generally improved but only slightly and from poor levels.

Last week’s comments from Bank of Canada Governor Tiff Macklem got surprisingly little traction as I thought he tipped his hand towards a rate cut at the end of the month. That probability has crept up to 84% but that’s still too low.

This article was written by Adam Button at investinglive.com.

On April 8 2025 the USD/CNH exchange rate reached an all-time high touching a level of 7.4273. This was obviously a market reaction on the tit for that trade war escalation between the US and China, Rabobank’s macro analyst Teeuwe Mevissen reports.

Trump appears to be seesawing in his support for Ukraine, following his phone call with President Vladmir Putin last Thursday.

Gold’s recent surge has unfolded without fresh fundamental drivers: real rates have risen, the dollar hasn’t broken new lows, and central bank demand—particularly from BRICS+ and China—has waned.

The recent silversqueeze has shifted from a demand-driven surge to a liquidity-driven crisis, which appears to have peaked over the past week as metal flows are now incentivized back to London.