Canada will eliminate various retaliatory tariffs on American products, the Canadian dollar's gains have expanded, and the Canadian stock market remains steady near historical highs

Canada will implement tariff exemptions on many U.S. goods under the United States-Mexico-Canada Agreement (USMCA).

The USD/CAD fell more than 0.5%, trading at 1.3838.

The Canadian stock index maintained a gain of about 1%, stabilizing near the intraday historical high of 28,340.87 points reached after Federal Reserve Chairman Jerome Powell's speech.

The yield on Canada's 10-year government bonds rebounded, nearly fully recovering the losses incurred immediately after Powell's dovish remarks.

The yield on two-year Canadian bonds remained down more than 4 basis points, trading around the 2.69% level, having briefly dipped below 2.67% after Powell's speech.

Driven by expectations of a Federal Reserve rate cut, the Dow Jones Industrial Average rose by 840 points, with a gain of 1.87%, the S&P rose by 1.55%, the Nasdaq increased by 400 points, a gain of 1.9%, the semiconductor index rose by 3.5%, and the bank index increased by 2.68%; the Russell 2000 index