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CANADA PERSPECTIVE
TRUMP DROPS THE POWELL PROBE AND PAVES THE WAY FOR A LOYALIST FED CHAIR
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DOMINANT ANGLE
Ottawa closely watches the Fed succession: US rates directly impact Canada's economy
Dominant angle identified — does not reflect unanimity of this country’s media
ANALYSIS
The Globe and Mail covered the Powell probe being dropped with market analysis: Canadian markets reacted positively short-term, hoping Warsh will be more accommodative. The Bank of Canada, which sets its own rate policy, will need to manage the consequences of a potentially more dovish Fed on the CAD-USD exchange rate. CBC News highlighted the contrast with recent weeks when Trump openly threatened Powell.
SOURCES (1)
Globe and Mail
MEDIUM
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