Canadian dollar sinks to eight-week low as global tariff shock intensifies

The Canadian dollar fell to an eight-week low against the U.S. dollar as escalating global trade tensions and Middle East conflicts weighed on investor sentiment. The move reflects a risk-off shift rather than a Canada-specific shock, but it adds near-term pressure to FX markets.

Analysis

The Canadian dollar fell to an eight-week low against the U.S. dollar as escalating global trade tensions and Middle East conflicts weighed on investor sentiment. The move reflects a risk-off shift rather than a Canada-specific shock, but it adds near-term pressure to FX markets.