"The trend of 'go to America' is spreading to Canada, with leading retirement funds turning their focus to the Japanese yen, gold, and the Swiss franc."

Due to continued pressure on the US dollar from President Trump's policies, Canada's largest institutional investor has identified the Swiss franc, Japanese yen, and gold as potential alternatives. On January 28th, the Ontario Investment Management Corporation stated in its annual worldview report that after Trump announced comprehensive tariffs on April 2nd of last year, US Treasury yields rose but the US dollar continued to decline, indicating that investors may no longer see it as a safe haven currency. The retirement fund management company also stated that the recent performance of the US dollar solidified the information that the US may no longer be a stable partner.