Canadian dollar hits one-week low on US tariffs
The Canadian dollar weakened to a one-week low against the US dollar as a fresh trade dispute sparked economic worries. The currency dropped while US inflation data boosted the greenback.
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Canada's currency weakened 0.4% to 1.3885 per USD/CAD on Wednesday afternoon, hitting a one-week low. The decline follows a 50% tariff imposed by the United States on $20 billion of imports. The trade dispute threatens economic momentum just as growth figures are due.
