The Canadian Currency Declines as the Possibility of US Tariffs Increases
As U.S. Treasury rates increased and investors’ concerns about the possibility of U.S. trade penalties increased, the Canadian dollar marginally declined versus its U.S. counterpart on Wednesday. After fluctuating between 1.4340 and 1.4409, the loonie traded 0.2% lower at 1.4390 to the US dollar, or 69.49 US cents. The Federal Reserve’s hawkish stance and the […]
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