The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jul 20, 2026
· 3 min read
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Canadian dollar pulls back from one-month high as inflation cools and rate hike bets ease
Original article ↗ 🔒 Paywalled source — limited preview availableB.I.A.S. ANALYSIS
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Article Excerpt
Canadian dollar pulls back further after Trump announces 50% tariff on many Canadian goods
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The Canadian dollar fell below the 71 cents US level late Monday after U.S. President Donald Trump imposed a 50-per-cent tariff on many Canadian goods, declaring that Canada has unfairly discriminated against American autos, alcohol and dairy products.
At 523 PM ET, the loonie was trading 70.96 cents US. It started the day near 71.40, but sta…
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