The pause aims to ease negotiations as US-Canada trade talks continue ahead of a midnight deadline.
US President Donald Trump has suspended 50% tariffs on Canadian imports for a three-day period. The move comes as trade negotiations between the two nations intensify before a midnight deadline, with both sides racing to reach an agreement.
The tariffs were set to take effect amid ongoing disputes over trade policies, including automotive and agricultural sectors. Market participants had anticipated potential disruptions, with the Canadian dollar and cross-border trade flows closely monitored.
No immediate market reaction was reported, though traders remain cautious as talks progress.