Loonie Weakens Amid Trade Tensions and Fed Rate Hike Expectations

The Canadian dollar has weakened against its US counterpart due to ongoing trade tensions and expectations that the Federal Reserve will maintain higher interest rates.

Trade disputes between the US and key partners, including Canada, have created uncertainty for export-driven sectors. The Canadian economy relies heavily on commodities, and any slowdown in global trade can dampen demand for oil and other resources, directly affecting the loonie.

Oil prices are also volatile due to supply concerns and demand outlook, with West Texas Intermediate (WTI) crude trading around $[price] as of [date].