Trump signals tariff discussion flexibility on China

Former President Donald Trump indicated there is "flexibility" regarding tariffs on China. He mentioned he plans to discuss these tariffs with President Xi in the near future. This news helped boost equity markets after earlier losses. In Canada, retail sales fell by 0.6% in January, slightly worse than the expected 0.4% decline. However, the February housing price index showed a slight increase of 0.1%, improving market sentiment. Federal Reserve officials commented on the economy. Fed's John Williams emphasized that the current monetary policy is suitable, and there is no rush for changes. Meanwhile, Eurozone consumer confidence dropped more than expected, reaching -14.5 in March. In financial markets, the US dollar showed strength, particularly against the euro and Canadian dollar. The euro fell to 1.0798 from a high of 1.0861 but later recovered to close at 1.0815. The Canadian dollar initially weakened against the US dollar but rebounded as oil prices improved. WTI crude oil rose 20 cents to $68.27 per barrel. Gold saw a decline, dropping $22 but managed to recover slightly to $3023. Overall, the day's market moves were modest amid mixed economic signals and cautious Fed commentary.