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fxJul 21, 2026, 7:06 PM

Canada's Loonie Weighs as Another 50% Tariff Hits; USD/CAD Above 1.4100

The Canadian dollar weakened as USD/CAD rose above 1.4100 on reports of another 50% tariff, heading for a second consecutive daily gain.

USDCAD

The Canadian loonie came under pressure after reports of another 50% tariff against Canada. USD/CAD traded just above the 1.4100 handle during the North American afternoon, up roughly 0.2% on the day.

The pair is on track for a second straight daily advance, extending gains as the new tariff stokes risk-off sentiment for the Canadian dollar. No further details on the scope or origin of the tariff were provided in the report.

Source: FXStreet Forex News