1442 ET - It's likely that President Trump and Canada PM Mark Carney find a resolution regarding the digital-services tax, which prompts Trump to end all talks with Ottawa to resolve the current tariff dispute, says Karl Schamotta, chief market strategist at forex firm Corpay. Trump's decision comes as the first payments from the digital-services tax are due Monday. The levy is a 3% tax, and is retroactive to revenue starting in 2022. "Carney is likely amenable to reducing or eliminating an already-unpopular tax," Schamotta says. Alas, he says Trump's move is fueling volatility in the forex market, as traders hedge against another round of negative trade headlines. Schamotta says the Canadian dollar could remain weak into next week. (Paul.Vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
June 27, 2025 14:42 ET (18:42 GMT)
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