Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

28 Apr 2025

Canadian Dollar Slides as Projections Show Carney’s Liberals Missing Majority

Mark Carney emerged victorious in this evening’s Canadian election – reflecting voter confidence in the Prime Minister’s technocratic background and his commitment to defending the country’s economic sovereignty amid ongoing trade tensions with the United States – but his Liberal Party looks unlikely to achieve a majority, meaning that it will be forced to work with a partner, like the Bloc Quebecois or the New Democratic Party to pass major legislation. An upset is possible, but according to CTV, the early results suggest that the Liberals will fall short of the 172 seats needed to push them over the threshold...

Read More Read More

Tariff uncertainty lingers

• He said, Xi Said. Confusion about whether US/China are in tariff talks. US equities consolidated overnight, while US yields & USD lost ground.• AUD rebound. AUD bounced back strongly the past few weeks. At ~$0.6430 it is near levels last traded in early-December. AU Q1 CPI due tomorrow.• Event Radar. In addition to AU CPI, BoJ meets this week, China PMIs are out, as is US GDP & the US jobs report. More tariff headlines also likely. Global Trends Tariff related headlines have seen sentiment wax and wane at the start of the week, particularly with limited economic data...

Read More Read More

Uneasy Calm Prevails Ahead of Action-Packed Week

Financial markets are trading sideways ahead of an information-dense trading week that will be packed with economic data releases and earnings reports – on top of the usual White House drama. The dollar is up incrementally against its major peers on hopes for a raft of symbolic trade deals, Treasury yields are holding steady, and futures on North American equity markets are edging marginally lower as investors brace for a deluge of negative guidance from US corporates;. Former central banker Mark Carney is well ahead in the polls going into today’s Canadian election, with many voters seeing him as the...

Read More Read More