💱US Dollar/Canadian Dollar FX Spot Rate
USDCAD
▲ PositiveTariffrelevance
US considers further trade penalties and Canada retaliates with counter-tariffs, weakening CAD
BNY's Geoff Yu reports that Washington is considering further trade penalties against Canada after Ottawa's dollar-for-dollar retaliation to new U.S. tariffs. Canada plans to double counter-tariffs on U.S. steel and aluminum and add new duties on a range of goods.
US considers further trade penalties and Canada retaliates with counter-tariffs, weakening CAD