They asked too much: Canadian dollar slides as Ottawa and Washington head for all-out trade war

The Canadian dollar fell after Ottawa and Washington announced a trade dispute. ING strategists noted that Canada, as a smaller and more open economy, has more to lose from the conflict. The exchange rate dropped to its lowest level in months. Analysts said the trade war could affect Canadian exports and imports. The Canadian government is seeking a resolution. The United States imposed tariffs on Canadian goods. The dispute may impact global supply chains. The Canadian Bankers Association reported a decline in foreign investment. The Treasury Board reviewed trade policy. The World Trade Organization will monitor the situation in 2026.

Source: 'They asked too much': Canadian dollar slides as Ottawa and Washington head for all-out trade war