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The Canadian dollar touched a five-year low of C$1.4474 per dollar on Monday. ... It was last slightly stronger at 156.335 per dollar and rates markets priced about an 80% chance of a 25 basis ...
President-elect Donald Trump has floated a 25% tariff on Canada unless the country can help stem the flow of ... Trudeau has announced a two-month sales tax holiday and a 250 Canadian dollar ($175 ...
The Canadian dollar weakened to nearly a five-year low against its U.S. counterpart on Tuesday, hurt by domestic political unrest as well as a wider gap between Canadian and U.S. bond yields after ...
In November 2024, United States President-elect Donald Trump announced plans to implement 25% tariffs on Canadian and Mexican imports effective January 20, 2025. The proposed tariffs were contingent on both nations' abilities to prevent illegal immigration and drug trafficking , particularly fentanyl , across their borders with the United States.
[106] The Canadian dollar fell to a 14-month low on the announcement. [107] In June 2018, Trump imposed tariffs with 25% on Canadian steel and 10% on Canadian aluminium. In July 2018, Prime Minister Justin Trudeau imposed retaliatory tariffs with 25% on American steel and 10% on American aluminium. [108]
The loonie was trading 0.3% higher at 1.4350 to the U.S. dollar, or 69.69 U.S. cents, extending its recovery from the weakest intraday level in nearly five years at 1.4467 on Thursday.
Trump’s strong dollar policies. Trump has promised to clamp down on immigration, impose tariffs, and institute another round of sizable tax cuts after extending the Tax Cuts and Jobs Act of 2017 ...
The Canadian dollar strengthened against its U.S. counterpart on Thursday as investors took stock of recent gains for the American currency ahead of employment data on both sides of the border ...