The Canadian dollar fell after US-Canada trade talks collapsed. US tariffs on Canadian goods took effect over the weekend following last Friday’s failed talks; Canada said it will impose matching retaliatory tariffs. ING strategist Chris Turner said: "As a smaller, more open economy, Canada faces greater losses from this episode, but the Canadian prime minister appears to have opened the door to more fiscal stimulus to support affected firms."

2026-08-24

The Canadian dollar fell after US-Canada trade talks collapsed. US tariffs on Canadian goods took effect over the weekend following last Friday’s failed talks; Canada said it will impose matching retaliatory tariffs. ING strategist Chris Turner said: "As a smaller, more open economy, Canada faces greater losses from this episode, but the Canadian prime minister appears to have opened the door to more fiscal stimulus to support affected firms."