According to CoinMeta, Canadian and U.S. negotiators are expected to meet again before the midnight deadline for tariffs, with both sides making final efforts to reach an agreement. The latest developments bring hope to diplomatic efforts, but uncertainties still remain. Edward Lawrence, a White House correspondent for Fox Business Channel, reports that White House officials said Trump discussed retaliatory tariffs with Karni, but no solution was reached to postpone the tariffs, putting pressure on the Canadian dollar. The United States threatens to impose 50% tariffs on approximately $20 billion worth of Canadian imports, with the measures set to take effect at 12:01 a.m. on Wednesday, applicable to goods that previously enjoyed preferential treatment. If there is a last-minute breakthrough or postponement, the Canadian dollar may rebound in the short term. If negotiations fail, the Canadian dollar is expected to continue to depreciate, unless a U.S.-Iran agreement unexpectedly affects the U.S. dollar.