Canadian dollar posts biggest gain in three months on tariff pause

Canadian dollar posts biggest gain in three months on tariff pause

Loonie at 70.95 U.S. cents

A tariff reprieve helps the dollar to unwind some recent weakness - Monex Canada

CAD Despite having no direct impact on Canada, last night’s tariff suspension saw the loonie continue to pick up support, leaving USDCAD more than 1% stronger on the day. That trend has continued this morning too, with the pair now closing in on 1.40 as markets draw implications when it comes to Canada’s own tariff prospects. We remain of the view that markets remain complacent when it comes to Canadian tariff risks. But short-term momentum is l…

USD/CAD strengthens above 1.4100 on tariff pause

The USD/CAD pair recovers some lost ground to near 1.4105 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to US President Donald Trump’s announcement of a 90-day delay on reciprocal tariffs.