#TariffsPause Canada and the US are in a potential trade truce, where Canada will drop tariffs tomorrow if President Trump reciprocates.

This move could lead to:

Economic Benefits: Lower costs for businesses and shoppers, and easier flow of goods between the two countries.

Market Impact: Reduced tension could boost markets, but for now, the S&P 500 is down 5.78%, Canada ETF (EWC) is down 2.98%, and Shopify (SHOP) fell 9.78%.

President Trump has expressed willingness to pause tariffs, previously announcing a 90-day pause on reciprocal tariffs on non-retaliating countries. The outcome depends on the US response, which could smooth out trade waters and bring new opportunities.