Market News
Canadian dollar pares decline on US tariff skepticism - REUTERS
By Fergal Smith
Summary
- Canadian dollar weakens 0.2% against the greenback
- Touches its weakest since March 2020 at 1.4515
- Canada's annual inflation rate slows to 1.8>#/li###
- 10-year yield falls for fifth straight day
TORONTO, Jan 21 (Reuters) - The Canadian dollar recouped much of its earlier decline against the greenback on Tuesday as investors assessed the chances of U.S. President Donald Trump carrying out a threat to impose a hefty tax on imports from Canada next month.
The loonie was trading 0.2% lower at 1.4340 per U.S. dollar, or 69.74 U.S. cents, clawing back most of its losses after it tumbled to its weakest intraday level since March 2020 at 1.4515.