Fx Primus Rebates

GM warns Trump: Iconic car maker could shrink in US

Stern warning to Trump GM is warning the Trump administration that he could shrink US operations as a result of tariffs on imported vehicles and auto parts. “Increased import tariffs could lead to a smaller GM, reduced presence at home and abroad for this iconic American company, and risk less – not more – US…

Fx Primus Rebates

April Canada GDP +0.1% vs 0.0% m/m expected

Canadian GDP data for April 2018 There were no revisions to the prior data. Initially USD/CAD fell down to 1.3209 but has rebounded to 1.3230. The big surprise here was that manufacturing rose 0.8% in April despite soft manufacturing numbers in the month. Statistics Canada said much of the production ended up in inventories, so…