Canadians snapped up U.S. debt despite Trump’s tariffs

Canadian Prime Minister Mark Carney smiles and looks to his right as he greets U.S. President Donald Trump, who stands straight and opens his mouth. (Credit: Chip Somodevilla—Getty Images)

• April’s massive bond selloff didn’t stop Canadians from buying Treasuries, but it weighed heavily on the value of their holdings. Higher interest rates in the U.S., where the Federal Reserve has been much more patient about cutting interest rates than other central banks, have likely spurred demand.               

Canadians have been ditching all things American after having enough of U.S. President Donald Trump’s threats about tariffs and making their country the “51^st state.”