Loonie Slumps Amid Escalating Trade War with US
The Canadian dollar plummeted against its US counterpart on [Date] after President Donald Trump escalated the trade war by announcing new tariffs on Canadian goods.
The loonie fell to [specific exchange rate] as of [time], reflecting heightened investor anxiety over the potential economic fallout from the escalating dispute.
Investors reacted swiftly, with the USD/CAD pair climbing to [specific level] as demand for the safe-haven US dollar increased.