Trump on Canada: "We don't even think about them". That's a good thing for CAD.
Trump transcripts were leaked today
Early this year, some of the details of Trump's initial calls with foreign leaders leaked out, now the entire transcripts are doing the rounds. They offer plenty of interesting nuggets and one is on Canada.
Trump was speaking with Mexican President Enrique Pena Nieto who made a reference to the three countries in NAFTA.
"Well, Canada is no problem - do not worry about Canada, do not even think about them," Trump said. "That is a separate thing and they are fine and we have had a very fair relationship with Canada. It has been much more balanced and much more fair. So we do not have to worry about Canada, we do not even think about them."
Later this year, Trump shifted and put tariffs on Canadian lumber and made some noise about dairy but it doesn't sound like he wants to pick a big fight on the Northern front.
Canadian Prime Minister Justin Trudeau might sense that and push back hard in NAFTA renegotiations set to start Aug 16.