Canadian dollar hits six-day high as Trump tariff threats and inflation data jolt USD/CAD
Canada’s dollar hit a six-day peak Monday, gaining 0.4% to trade at C$1.3865 per U.S. dollar. The greenback weakened following President Donald Trump’s fresh tariff threats targeting Europe over Greenland. Oil prices nudged up 0.2% to $59.57 a barrel. Canadian bond yields were mixed: the two-year yield slipped 1.1 basis points to 2.538%. “I think the headline is what matters right now,” said Adam Button, chief currency analyst at investingLive.
