Canadian Dollar Swings on Trade Deal Prospects

The Canadian dollar is experiencing significant volatility as investors await the outcome of trade negotiations between Ottawa and Washington.

Prime Minister Mark Carney has engaged directly with the US administration to intensify talks following the announcement of new tariffs on Canadian goods, which target roughly $28 billion in imports.

The threat of a full-blown trade war has forced Canadian exporters to hedge their currency exposure aggressively, contributing to rapid fluctuations in the exchange rate against the greenback.