The unreliable boyfriend throws his hat into the ring-check out the USD/CAD this morning

As expected the incumbent Canadian Prime Minister, Justin Trudeau did tender this resignation yesterday afternoon. The immediate reaction to the news saw the USD/CAD dive to a new session low, as it plummeted to new session low close to 1.4275, but it had been stepping back that way beforehand, as noted here in a prior update. It did rebound from that low into the US close though, ending that session at 1.4332. The price action seen so far today has been covered by 1.4308 to 1.4350. The news that the former Bank of England governor, Mark Carney has seemingly thrown his hat into the ring to replace Trudeau as Prime Minister is not in itself a surprise. Carney was nicknamed the unreliable boyfriend when in charge of the BOE, due to his inconsistency of massage. It does remain to  be seen if that will materialise though and the other news this morning comes from official comments regarding potential retaliatory trade tariffs moves by Canada, if Trump penalises Canadian exports. The USD/CAD is currently trading 1.4313