Loonie Falls in Wake of Trade Talk Collapse and Threats of More Tariffs
With the United States imposing new tariffs, Canada plans to respond 'dollar for dollar' with its own tariffs on U.S. goods starting Sept. 8.
TL;DR
- The Canadian dollar is falling against the U.S. dollar.
- Trade talks between Canada and the U.S. have failed.
- The U.S. imposed 50 percent tariffs on $28 billion of Canadian goods.
- Canada will respond with its own tariffs on U.S. goods starting September 8.
- The Canadian dollar declined by 0.7 percent between August 21 and August 24.