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National Bank of Canada
Symbol NA
Shares Issued 391,288,198
Close 2025-04-28 C$ 119.39
Market Cap C$ 46,715,897,959
Recent Sedar Documents

NP says CIBC, rivals hear Grit win seen crimping loonie

2025-04-28 08:12 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The National Post reports in its Saturday, April 26, edition that if the Conservatives win the April 28 election, the Canadian dollar is expected to surge, according to a new analysis by ING. The Post's Tristin Hopper reports that the report, however, concludes that a Conservative win is unlikely, and world financial markets are already planning for the lower Canadian dollar that would be yielded under another four-year Liberal term. "A Conservative win would be a surprise for markets, and we think (the loonie) would rally on the view that President Donald Trump may be more lenient in trade negotiations toward another conservative leader," reads the report, published Tuesday by ING. The report notes that both the Conservatives and the Liberals have similar strategies for dealing with Mr. Trump, writing "all Canadian parties are firmly condemning U.S. tariffs: Trump is a deeply unpopular figure in Canada." Nevertheless, they still conclude that a Conservative win, however unlikely, would be greeted positively by investors as a signal for an "earlier de-escalation in Canada-U.S. trade tensions." The Canadian dollar is currently trading at 72 cents of a U.S. dollar, one of the lowest it has been over the last 20 years.

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