Futures tied to Canada's main stock index struggled to find direction on Wednesday, after a report said U.S. President-elect Donald Trump was considering declaring a national economic emergency to allow for a new tariff program.

It had seemed like nothing could stop the U.S. dollar from marching higher. Then a headline about President-elect Donald Trump’s tariff plans landed in traders’ newsfeeds, and suddenly all bets were off.

Wall Street investors are betting heavily on a strong U.S. dollar during Trump’s second term, even as uncertainty looms over his proposed economic policies. Currency traders have steadily pushed up the dollar’s value against major international currencies since election night,

Canada's main index fell on Wednesday, with investors taking stock of a report that said U.S. President-elect Donald Trump was considering declaring a national economic emergency to allow for new tariffs.