Canadian Dollar Takes Hit as Trade Talks Collapse

The Canadian dollar is facing pressure and downside risks after US-Canada trade talks collapsed, according to economists. The collapse of negotiations between the two countries has raised concerns about the impact on Canada's economy.

Economists say that the collapse of trade talks will likely lead to a decline in the value of the Canadian dollar against major currencies. This is because Canada relies heavily on trade with the US, and any disruptions to this trade can have significant effects on its currency.

The Canadian dollar has already begun to fall, with economists expecting it to drop further. Some are predicting that the CAD could decline by 5-10% against the USD in the coming weeks.