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Canadian Dollar Weakens as US-Canada Trade Talks Collapse into Tariff War

Guavy AI Editorial Team Published August 24, 2026

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USD CAD

The Canadian Dollar (CAD) weakened against the US Dollar (USD) after trade talks between the two countries collapsed on Friday.

US imposed 50% tariffs on some Canadian goods, prompting Canadian Prime Minister Mark Carney to vow 'dollar-for-dollar' retaliation from September 8.

The USD/CAD pair held a bearish near-term tone as it hovered below the 100-day Simple Moving Average (SMA) and the Bollinger Bands' middle band.

The Wire

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