Canadian Dollar Slides as Ottawa and Washington Head Toward Trade War
The Canadian dollar fell against major currencies after the U.S. imposed 50% tariffs on around $20 billion worth of imports from Canada, its second-largest trading partner. The move has raised concerns about economic repercussions for both countries, particularly in key sectors like dairy, steel, and automotive industries. Canadian Prime Minister Mark Carney criticized Washington's demands as excessive and vowed to retaliate with matching tariffs starting Sept. 8 on products including steel, agricultural equipment, paper, and electronics. U.S. Trade Representative Jamieson Greer claimed the Canadians
