Canadian dollar falls to lowest level since June 25 on Trump tariffs

Published 09/07/2025, 12:50
© Reuters

Investing.com -- The Canadian dollar fell on Monday, hitting its lowest level since June 25, as President Donald Trump’s latest tariff threats on copper and pharmaceuticals brought renewed uncertainty to markets.

The USD/CAD rose 0.3% to 1.3699 as of 7:45 a.m. Toronto time, positioning for the highest close since June 25.

"For today, the market’s focal point will be on the seven letters the US administration plans to send out over the course of the day," wrote Sarah Ying of CIBC (TSX:CM).

The decline in the Canadian currency comes amid broader market concerns about potential trade tensions following Trump’s new tariff proposals.

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