Forex
Canada's Loonie Takes a Hit Amid US-Canada Trade Talks Collapse
The US-Canada trade talks have collapsed, leading to a decline in the Canadian dollar against its US counterpart.
The breakdown of negotiations, which had been ongoing for weeks, has left investors concerned about potential new tariffs and prolonged economic uncertainty.
Specifically, the failure to resolve key differences over dairy quotas and digital taxes contributed to the collapse.
As a result, the USD/CAD pair rose, reflecting a stronger US dollar and a weaker Canadian dollar. The loonie traded at [rate] per US dollar, down [percentage] from the previous close.