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

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

Source: EODHD - https://www.investing.com/news/forex-news/canadian-dollar-falls-to-lowest-level-since-june-25-on-trump-tariffs-93CH-4128038
Published: Jul 09, 2025 7:49 AM

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. This article was generated with the support of AI and reviewed...

Market context: This update is relevant to USD traders, with USDCAD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.