Market News
Canadian dollar pares gains amid tariff and election uncertainty - REUTERS
By Fergal Smith
Summary
- Canadian dollar gains 0.1% against the greenback
- Touches its strongest since March 18 at 1.4272
- Price of oil falls 0.6%
- Bond yields ease across the curve
TORONTO, March 25 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Tuesday but gains were kept in check by uncertainty around both a tightly contested Canadian general election and expected new U.S. trade tariffs on April 2.
The loonie was trading 0.1% higher at 1.4305 per U.S. dollar, or 69.91 U.S. cents, after earlier touching its strongest intraday level since March 18 at 1.4272.
