According to CNN, the White House is saying that Pres Trump and Canadian Prime Minister Trudeau spoke since the tariffs took effect (not on Wednesday)

UPDATE: Canada is now saying that Canada PM did speak to Pres. Trump today. Vance and Lutnick were also on the call with PM Trudeau

• Trump and Trudeau discussed fentanyl and trade
• The call lasted around 50 minutes
• US and Canada will continue to hold discussions on Wednesday according to Canadian sources

The USDCAD has moved lower and retests its rising 200-hour moving average at 1.43579. .

Stocks have moved higher as well with the S&P up 0.66% and the Nasdaq up 0.86% currently.

This article was written by Greg Michalowski at www.forexlive.com.