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Canadian dollar pares decline on US tariff skepticism - REUTERS

JANUARY 22, 2025

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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.

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