Canada rescinds Digital Services Tax. Via a Canada finance ministry statement on Sunday.
CAD jumps a little higher.
On Friday we had this:
Adam suggested that:
- I imagine this is all theatre as Trump lays the groundwork for a deal.
- Canada is obviously prepared to drop this tax if the US drops tariffs.
Spot on.
So, Canada rescinds digital services tax:
- Trump and Carney agreed to resume negotiations.
- Target is a trade deal by July 21.
