Stock markets and the U.S. dollar have reached historic levels since Donald Trump was elected. Investors will be looking for details on the policies that will be put in place to help “Put America First.” The first hundred days will be crucial to assess the impact of these new policies on the U.S. economy, particularly with regard to the energy and international trade policies.
Even though Mr. Trump has clearly indicated that a strong greenback risks killing the job market, the U.S. dollar should still remain high if he keeps his promise to stimulate the economy. Meanwhile, the Canadian dollar is vulnerable, as renegotiating the North American Free Trade Agreement is top among the priorities of the new President.
The economic calendar this week will be calm on our side of the border. In the United States, we’ll be keeping an eye on important real estate market data on Tuesday and Thursday, as well as fourth quarter Gross Domestic Product (GDP) figures on Friday.
