Currencyshares Canadian Dollar Trust
FXC69.9800.34% ( +0.240 )
Closed: Nov 4, 16:00:00 (EDT)"We Don't Need Canada": Loonie Limps Lower As Trump Unleashes (More) Tariffs
ZeroHedge·- President Trump announced a new 50% tariff on hundreds of Canadian imports and further increases to 50% on all autos and steel starting January 1, 2027. - The tariffs aim to address a 60 billion dollar trade deficit and incentivize domestic manufacturing in the United States. - The escalation of the tariff war and the collapse of trade talks have led to a weaker Canadian dollar and threaten Canadian enterprises.