Loonie Falls in Wake of Trade Talk Collapse and Threats of More Tariffs

The Canadian dollar has declined against the U.S. dollar due to the failure of trade talks, which resulted in the U.S. imposing 50 percent tariffs on Canadian goods. Canada plans to retaliate with its own tariffs on specific U.S. products starting September 8. As of August 24, the Canadian dollar was trading at 0.7 percent lower than on August 21.

• The Canadian dollar is falling against the U.S. dollar.
• Trade talks between Canada and the U.S. have failed.
• The U.S. imposed 50 percent tariffs on $28 billion of Canadian goods.
• Canada will respond with its own tariffs on U.S. goods starting September 8.
• The Canadian dollar declined by 0.7 percent between August 21 and August 24.