The USD/CAD pair drifts lower to nearly 1.4300 following the surprising announcement of Prime Minister Justin Trudeau’s resignation. Market participants react quickly as political changes can significantly impact currency valuations. Investors will be closely watching how this political transition influences economic policies and market sentiment in Canada. The movement in USD/CAD highlights the sensitivity of currency markets to political developments. Traders should assess potential impacts on Canadian economic performance and how it may reflect on the loonie in the near term. Understanding the broader economic implications can lead to more strategic trading decisions. It remains crucial to stay informed on economic data releases and political events to navigate this dynamic environment effectively.